3. The composition of a "BestFund" is as follows: Shares Share price 200,000 300,000 400,000 600,000 Stock A B C D 35 40 20 25 a. The fund's 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? b. If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $50 per share and 200,000 shares of stock F at $25 per share, what is the portfolio turnover rate?
3. The composition of a "BestFund" is as follows: Shares Share price 200,000 300,000 400,000 600,000 Stock A B C D 35 40 20 25 a. The fund's 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? b. If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $50 per share and 200,000 shares of stock F at $25 per share, what is the portfolio turnover rate?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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3. The composition of a "BestFund" is as follows: Shares Share price 200,000 300,000 400,000 600,000 Stock A B C D 35 40 20 25 a. The fund's accrued management fee with the
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