Question
The composition of the Fund XY portfolio is as follows: Stock Shares Price A 260,000 $ 40 B 360,000 45 C 460,000 20 D 660,000
The composition of the Fund XY portfolio is as follows:
| Stock | Shares | Price | ||
| A | 260,000 | $ | 40 |
|
| B | 360,000 |
| 45 |
|
| C | 460,000 |
| 20 |
|
| D | 660,000 |
| 25 |
|
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?
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
