Question: #8 Return to question Item 8 Item 8 5 points The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000

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Item 8

Item 8 5 points

The composition of the Fingroup 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? (Round your answer to 2 decimal places.)

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