the fund has not borrowed any funds but its accrued management fee with the portfoli 665404
The composition of the Fin group Fund portfolio is as follows:
|
Stock |
Shares |
Price |
|
A |
200,000 |
$35 |
|
B |
300,000 |
40 |
|
C |
400,000 |
20 |
|
D |
600,000 |
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?