You sold short 100 shares of common stock at \$75 per share. The initial margin is 50%. At what stock price would you receive a margin call if the maintenance margin is 30%?

The Profitability Fund had NAV per share of \$17.50 on January 1, 2009. On December 31 of the same year the fund's NAV was \$19.47. Income distributions were \$0.75 and the fund had capital gain distributions of \$1.00. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability fund last year?

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?

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

Which one of the following statements regarding open-end mutual funds is false?

You purchased shares of a mutual fund at a price of \$20 per share at the beginning of the year and paid a front-end load of 5.75%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's expense ratio was 1.25%, your return if you sold the fund at the end of the year would be______%.

Closed end funds are frequently issued at a ______to NAV and subsequently trade at a ________to NAV.

Which one of the following statements regarding closed-end mutual funds is false?