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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?

Please explain

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