City Street Fund has a portfolio of $450 million, and liabilities of $10 million. a. If there

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City Street Fund has a portfolio of $450 million, and liabilities of $10 million.

a. If there are 44 million shares outstanding, what is net asset value?

b. If a large investor redeems 1 million shares, what happens to the portfolio value, to shares outstanding, and to NAV?

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Essentials Of Investments

ISBN: 9780697789945

8th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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