Problemthe composition of the fingroup fund portfolio is as, Ask an Expert

Finance

Problem:

The composition of the Fingroup Fund portfolio is as follows:

Stock Shares Price

A 240,000 $30

B 340,000 $35

C 440,000 $10

D 640,000 $15

The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $35,000. There are 6 million shares outstanding.

Required:

Question: What is the net asset value of the fund?

Note: Please explain comprehensively and give step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149316

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