Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 41 B 282,000 35 C 409,000 29 D 590,000
The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price | ||||
| A | 200,000 | $ | 41 | |||
| B | 282,000 | 35 | ||||
| C | 409,000 | 29 | ||||
| D | 590,000 | 40 | ||||
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $55,000. There are 3.3 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.)
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Global Strategy
Authors: Mike W. Peng
5th Edition
9780357512364
