Solved

Pinnacle Fund Had Year-End Assets of $825,000,000 and Liabilities of $25,000,000

Question 25

Multiple Choice

Pinnacle Fund had year-end assets of $825,000,000 and liabilities of $25,000,000. If Pinnacle's NAV was $32.18, how many shares must have been held in the fund?


A) 21,619,346.92
B) 22,930,546.28
C) 24,860,161.59
D) 25,693,645.25

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: A mutual fund had year-end assets of

Q21: A mutual fund had average daily assets

Q22: In 2018, the proportion of US mutual

Q23: Differences between hedge funds and mutual funds

Q24: In 2018, the proportion of US hybrid

Q26: You purchased shares of a mutual fund

Q27: Which one of the following statements regarding

Q28: These kind of money market funds must

Q29: Closed-end funds are frequently issued at a

Q30: The fee that mutual funds use to