The composition of the Fingroup Fund portfolio is as follows: Price $41 35 Stock B C D Shares 200,000 282,000 409,000 590,000 29 40 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $55,000. There 3.3 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value

The composition of the Fingroup Fund portfolio is as follows: Price $41 35 Stock B C D Shares 200,000 282,000 409,000 590,000 29 40 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $55,000. There 3.3 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 2FPE

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The composition of the Fingroup Fund portfolio is as follows: Price $ 35 34 26 25 Stock A B C D Shares 200,000 288,000 406,000 660,000 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $46,000. There are 5.2 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value
The Closed Fund is a closed-end investment company with a portfolio currently worth $245 million. It has liabilities of $12 million and 17 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $10 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.)
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