Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 330,000 $ 30 B 430,000 35 C 530,000 15 D 730,000
The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price | ||
| A | 330,000 | $ | 30 | |
| B | 430,000 | 35 | ||
| C | 530,000 | 15 | ||
| D | 730,000 | 20 | ||
|
| ||||
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $45,000. There are 4 million shares outstanding. What is the net asset value of the fund?
(Round your answer to 2 decimal places and put it in the following format XX.XX. Do NOT record starting 0's.)
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Financial Management Theory And Practice
Authors: Prasanna Chandra
11th Edition
9355322208, 978-9355322203
