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What is the net asset value of the fund

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Reference no: EM132379899

The composition of the Fingroup Fund portfolio is as follows:

StockSharesPrice

A. 310,000 $35 

B. 410,000 $40 

C. 510,000 $15 

D. 710,000 $20 

The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $35,000. There are 5 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.)

Reference no: EM132379899

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