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

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Definitions:

Ventricular Contractions

The heartbeats initiated by the lower chambers of the heart (ventricles), crucial for pumping blood throughout the body.

Active Transport

The movement of molecules across a cell membrane from a region of lower concentration to a region of higher concentration, utilizing energy, typically in the form of ATP.

Intracellular

Located or occurring within a cell or cells.

Extracellular

Situated or taking place outside a cell or cells.