Calculate the Unit Price of the Masterproc Balanced Fund ("Masterproc

question 18

Essay

Calculate the unit price of the Masterproc Balanced Fund ("Masterproc ") using the following information extracted from its latest financial statements including the detail that it had 63 million units on issue at the end of the latest financial year:
$\begin{array} { l c c } & \text { Book Value } & \text { Market Value } \\ { \text { Details } } & \text { \$ million } & \text { \$ million } \\\text { Cash and deposits }& 25 & 28 \\\text { Bonds } & 66 & 59 \\\text { Equities }& 135 & 296 \\\text { Property } & 100 & 112 \\ \text { Trade Creditors } & 45 & 45 \\\text { Mortgage Loans }& 167 & 167\end{array}$

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Definitions:

Auditor's Opinion

A statement issued by an independent auditor reflecting their judgement about the accuracy of a company's financial statements.

Audit

The examination and verification of a company's financial and accounting records and supporting documents by a professional, such as a Certified Public Accountant, to ensure accuracy and compliance with accounting standards and regulations.

SEC Statement

Financial documentation that companies are required to submit to the U.S. Securities and Exchange Commission (SEC) detailing their financial performance.

Corporate Annual Reports

Official publications by corporations that summarize the company's activities, financial performance, and strategy over the past year.