An open-ended managed fund has a portfolio valued at $4,000,000 on Tuesday 27th October 4pm. The fund has 8,000 units on issue on Tuesday 27th October. The fund has received a redemption order from existing investors for 6,000 units between Monday 26th October 4pm and Tuesday 27th October 4pm.

Calculate the unit price that these leaving investors have received.

Answer rating: 100% (QA)

To calculate the unit price that the leaving investors have received we nee... View the full answer