The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200000 $35 B 300000 40 C 400000 20 D 600000 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?
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200000 $35 B 300000 40 C 400000 20 D 600000 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?
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
Problem 1PS
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The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price |
| A | 200000 | $35 |
| B | 300000 | 40 |
| C | 400000 | 20 |
| D | 600000 | 25 |
The fund has not borrowed any funds, but its accrued management fee with the
value of the fund?
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