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The composition of the Fingroup Fund portfolio is as follows: Stock...

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Finance

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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