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What is the net asset value of the fund

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Reference no: EM132974153

Question - The composition of the Fingroup Fund portfolio is as follows:

Stock Shares Price

A 200,000 $41

B 294,000 37

C 403,000 23

D 630,000 40

The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $28,000. There are 2 million shares outstanding.

What is the net asset value of the fund?

Reference no: EM132974153

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