The composition of the Fingroup Fund portfolio is as follows: Stock...
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The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price | ||
| 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.)
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