City Street Fund has a portfolio of $450 million and liabilities of $10 million. a. If there are 55 million shares outstanding, what is net asset value? Net asset value $ 8 b-1. If a large investor redeems 4 million shares, what happens to the portfolio value? (Enter your answer in millions.) Portfolio value decreases to $ million. b-2. If a large investor redeems 4 million shares, what happens to shares outstanding? (Enter your answer in millions. Shares outstanding decreases to million. b-3. If a large investor redeems 4 million shares, what is net asset value? Net asset value $