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

question 20

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?


Definitions:

HMOs

Health Maintenance Organizations that provide health insurance coverage using a network of doctors, hospitals, and other healthcare providers.

Preferred Providers Organizations

A type of health insurance plan that offers a network of healthcare providers from which patients can choose at a lower cost.

Insured Individual

A person covered by an insurance policy, receiving protection against specified risks in exchange for premiums paid to the insurer.

Insurer

An entity that provides insurance coverage, assuming the risk of loss in exchange for premium payments.

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