The Neptune Value Fund has sold 150,000 shares to investors. Currently the fund has accrued investment management fee obligations of $50,000. The fund's portfolio is shown below. Calculate the fund's net asset value.
Stock A$50,000$10 per share
Stock B$20,000$7 per share
Stock C$35,000$30 per share
Stock D$10,000$100 per share
This question was answered on: Sep 16, 2020
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