The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price
A 200,000 $ 34
B 268,000 56
C 416,000 36
D 520,000 45
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $56,000. There are 4.5 million shares outstanding.
What is the net asset value of the fund? (Round your answer to 2 decimal places.)

$13.36

Explanation:

The computation of the net asset value of the fund is as follows:

Total value

= 200,000 shares × $34 + 268,000 shares × $56 + 416,000 shares × $36 + 520,000 shares × $45

= $6,800,000 + $15,008,000 + $14,976,000 + $23,400,000

= $60,184,000

Now the net asset value is

= ($60,184,000 - $56,000) ÷ (4,500,000)

=  $13.36

i mean they dont have to

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know