City Street Fund has a portfolio of $432 million and liabilities of $12 million. a. If there
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Question:
City Street Fund has a portfolio of $432 million and liabilities of $12 million.
a. If there are 28 million shares outstanding, what is net asset value?
Net asset value $
b-1. If a large investor redeems 2 million shares, what happens to the portfolio value? (Enter your answer in millions.)
Portfolio value (Click to select)increasesdecreases to $ million.
b-2. If a large investor redeems 2 million shares, what happens to shares outstanding? (Enter your answer in millions.)
Shares outstanding (Click to select)increasesdecreases to million.
b-3. If a large investor redeems 2 million shares, what is net asset value?
Net asset value $
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