The composition and information of shares and prices of Artificial Fund Portfolio are given below: Stocks Number of shares Price per share (Rs.) K…
BBS Fundamentals of Investment · 2081 · Solved Question with Answer
The composition and information of shares and prices of Artificial Fund Portfolio are given below:
| Stocks | Number of shares | Price per share (Rs.) |
| K | 2,000 | 120 |
| L | 3,000 | 140 |
| M | 4,000 | 150 |
| N | 5,000 | 110 |
The fund has accrued management fee obligation of Rs. 100,000. There are 50,000 shares outstanding.
a. What is the net assets value of the Artificial fund?
b. What is the percentage of premium or discount if the fund is currently selling in the market at Rs. 32 per share?