(Answered) The composition of the fingroup fund portfolio is as

Finance

The composition of the Fingroup Fund portfolio is as follows:

Stock Shares Price

A 390,000 $30

B 490,000 $35

C 590,000 $15

D 790,000 $20

The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $40,000. There are 5 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.)

Net asset value = $

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