Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 350,000 $ 40 B 450,000 45 C 550,000 10 D 750,000
The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price | ||
| A | 350,000 | $ | 40 | |
| B | 450,000 | 45 | ||
| C | 550,000 | 10 | ||
| D | 750,000 | 15 | ||
|
| ||||
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $20,000. There are 5 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.)
Net asset value $
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Forecasting Principles And Practice
Authors: Rob J Hyndman, George Athanasopoulos
3rd Edition
0987507133, 978-0987507136
