What is the net asset value of the fund

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Reference no: EM132057819

The composition of the Fingroup Fund portfolio is as follows:

Stock Shares Price

A 300,000 $30

B 400,000 35

C 500,000 10

D 700,000 15

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? (Round your answer to 2 decimal places.)

Net asset value $

Reference no: EM132057819

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