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can someone please give me the right answer to these questions as no one in chegg answered it correctly ( the ones market on red)
can someone please give me the right answer to these questions as no one in chegg answered it correctly ( the ones market on red)
City Street Fund has a portfolio of $470 million and liabilities of $30 million. Required: a. If there are 40 million shares outstanding, what is the net asset value? b-1. If a large investor redeems 4 million shares, what happens to the portfolio value? (Enter your answer in dollars not in millions.) Answer is complete but not entirely correct. b-2. If a large investor redeems 4 million shares, what happens to shares outstanding? (Enter your answer in dollars not in millions.) Answer is complete but not entirely correct. b-3. If a large investor redeems 4 million shares, what is the net asset value? City Street Fund has a portfolio of $470 million and liabilities of $30 million. Required: a. If there are 40 million shares outstanding, what is the net asset value? b-1. If a large investor redeems 4 million shares, what happens to the portfolio value? (Enter your answer in dollars not in millions.) b-2. If a large investor redeems 4 million shares, what happens to shares outstanding? (Enter your answer in dollars not in millions.) b-3. If a large investor redeems 4 million shares, what is the net asset valueStep by Step Solution
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