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?
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
Problem 2FPE
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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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