The composition of the Fingroup Fund portfolio is as follows: Stocks Shares Price 200,000 Php 35 B 300,000 40 C 400,000 20 600,000 25 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals Php30,000. There are 4 million shares outstanding. What is the net asset value of the fund?

The composition of the Fingroup Fund portfolio is as follows: Stocks Shares Price 200,000 Php 35 B 300,000 40 C 400,000 20 600,000 25 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals Php30,000. There are 4 million shares outstanding. What is the net asset value of the fund?

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

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 8FPE

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