City Street Fund has a portfolio of $450 million and liabilities of $10 million. Required: a. If there are 55 million shares outstanding, what is the net asset value? Answer is complete and correct. Net asset value 8 Per share 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. Portfolio value decreases to 51 X 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. Shares outstanding decreases to $ 51 X b-3. If a large investor redeems 4 million shares, what is the net asset value? Answer is complete and correct. Net asset value $ 8 Per share