City Street Fund has a portfolio of $450 million and liabilities of $10 million. Required: a. If there are 44 million shares outstanding, what is the net asset value? Answer is complete and correct. Net asset value $ 10 Per share b-1. If a large investor redeems 1 million shares, what happens to the portfolio value? (Enter your answer in dollars not in millions.) Answer is not complete. Portfolio value decreases to b-2. If a large investor redeems 1 million shares, what happens to shares outstanding? (Enter your answer in dollars not in millions.) Shares outstanding Answer is not complete. decreases to b-3. If a large investor redeems 1 million shares, what is the net asset value? Net asset value Answer is complete and correct. $ 100 Per share