SunSuper Managed Fund (SMF) has the following combination of assets in their portfolio: $50 million in fixed-income securities and $25 million in stocks at current market values. In the event of a liquidity problem, SMF can sell the assets at 95 per cent of market value if they are disposed of in 2 days. SMF will receive 98 per cent if the assets are disposed of in 4 days. Two share/unit holders, Amanda Rodriguez and Benjamin Lee, own 7 per cent and 9 per cent of equity (share/units), respectively. Due to COVID-19 related market uncertainty, Amanda and Benjamin sell their share/units back to SMF. What will Benjamin receive if SMF must sell all the assets in two days? In four days?

Answer rating: 100% (QA)

To calculate the amount Benjamin will receive if SMF must sell all the assets in two days and four d... View the full answer