Investors in closed-end funds who wish to liquidate their positions must

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?

Which of the following statement(s) is (are) true?

I) The real rate of interest is determined by the supply and demand for funds;

II) The real rate of interest is determined by the expected rate of inflation;

III) The real rate of interest can be affected by actions of the Fed;

IV) The real rate of interest is equal to the nominal interest rate plus the expected rate of inflation.

You have been given this probability distribution for the holding- period return for KMP stock:

Stock of the Economy Probability HPR Boom 0.30 18 %

Normal growth 0.50 12 %

Recession 0.20 5 %

What is the expected holding-period return for KMP stock?

You have been given this probability distribution for the holding- period return for Cheese, Inc stock: State of the economy Probability HPR Boom 0.20 24% Normal Growth 0.45 15% Recession 0.35 8% Assuming that the expected return on Cheese's stock is 14.35%, what is the standard deviation of these returns?

According to the mean-variance criterion, which one of the following investments dominates all others?

The presence of risk means that

Which of the following statements regarding risk-averse investors is true?

Treasury bills are commonly viewed as risk-free assets because

maturity is identical to most investors' desired holding periods.

The coefficient of correlation between A and B is

The global minimum variance portfolio formed from two risky securities will be riskless when the correlation coefficient between the two securities is