Essentials of Investments (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Essentials of Investments (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
10th Edition
ISBN: 9780077835422
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 4, Problem 13PS

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 ice with the portfolio manager currently totals $30.000. There are 4 million shares outstanding. What is the net asset value of the fund? (LO 4-3)

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Investing For Beginners (Stock Market); Author: Daniel Pronk;https://www.youtube.com/watch?v=6Jkdpgc407M;License: Standard Youtube License