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What is the net asset value of the fund

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Reference no: EM131493349

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 = $

Reference no: EM131493349

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