An Investment fund has $$2$ million In cash and $$8$ million Invested in securlites$.$ It currently has $2$ million shares outstanding.

a$.$ What is the NAV of this fund? $($Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

b$.$ Assume that some of the shareholders decide to cash in their shares of the fund. How many shares, at its current NAV, can

the fund take back wlthout resorting to a sale of assets?

c$-1.$ As a result of anticipated heavy withdrawals, it sells $24,000$ shares of IBM stock currently valued at $$35.$ Unfortunately, it

recelves only $$32$ per share. What is the net asset value after the sale? $($Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16)$

c$-2.$ What are the fund's cash assets after the sale? $($Enter your answers In millions rounded to $2$ decimal places. $($e$.$g$.,$

$32\mathrm{.}16))$

d$-1.$ Assume after the sale of IBM shares, $200,000$ shares are sold back to the fund. What is the current NAV? $($Do not round

Intermedlate calculations. Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

d$-2.$ Is there a need to sell more stocks to meet this redemption?

Answer is not complete.An investment fund has $$2$ million in cash and $$8$ million invested in securities$.$ It currently has $2$ million shares outstanding.

a$.$ What is the NAV of this fund? $($Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

b$.$ Assume that some of the shareholders decide to cash in their shares of the fund. How many shares, at its current NAV, can the fund take back without resorting to a sale of assets?

c$-1.$ As a result of anticipated heavy withdrawals, it sells $24,000$ shares of IBM stock currently valued at $$35.$ Unfortunately, it receives only $$32$ per share. What is the net asset value after the sale? $($Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

c$-2.$ What are the fund$$s cash assets after the sale? $($Enter your answers in millions rounded to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

d$-1.$ Assume after the sale of IBM shares, $200,000$ shares are sold back to the fund. What is the current NAV? $($Do not round intermediate calculations. Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

d$-2.$ Is there a need to sell more stocks to meet this redemption?