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City Street Fund has a portfolio of $450 million and liabilities of $10 million. It has 44 million shares outstanding. If a large investor
City Street Fund has a portfolio of $450 million and liabilities of $10 million. It has 44 million shares outstanding. If a large investor redeems 1 million shares, what happens to the portfolio assets, to shares outstanding, and to NAV? Choose all right answers. Shares outstanding will not change Shares outstanding will decrease NAV will decrease Portfolio assets will decrease Portfolio assets will not change NAV will not change NAV will increase
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