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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
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 $0 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) 9 to $0 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) to million. b-3. If a large investor redeems 2 million shares, what is net asset value? Net asset value
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