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1. 2. You purchase one Microsoft June 72 put contract for a premium of $.90. What is your maximum possible profit? X Answer is complete

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You purchase one Microsoft June 72 put contract for a premium of $.90. What is your maximum possible profit? X Answer is complete but not entirely correct. Potential profit $ 71 X City Street Fund has a portfolio of $462 million and liabilities of $12 million. a. If there are 50 million shares outstanding, what is the net asset value? Answer is complete and correct. Net asset value $ 9 b-1. If a large investor redeems 1 million shares, what happens to the portfolio value? (Enter your answer in millions.) Answer is complete but not entirely correct. Portfolio value decreases to $ 441 x million

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