Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $35 B 300,000 40 C 400,000 20 D 600,000 25
The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price |
| A | 200,000 | $35 |
| B | 300,000 | 40 |
| C | 400,000 | 20 |
| D | 600,000 | 25 |
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $30,000. There are 4 million shares outstanding. What is the net asset value of the fund?
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Public Finance
Authors: Charles Francis Bastable
1st Edition
1375520083, 978-1375520089
