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