Question
City Street Fund has a portfolio of $480 million and liabilities of $30 million. a. If there are 25 million shares outstanding, what is net
| City Street Fund has a portfolio of $480 million and liabilities of $30 million. |
| a. | If there are 25 million shares outstanding, what is net asset value? |
| Net asset value | $ |
| b-1. | If a large investor redeems 5 million shares, what happens to the portfolio value? (Enter your answer in millions.) |
| Portfolio value (Click to select)increasesdecreases to $ million. |
| b-2. | If a large investor redeems 5 million shares, what happens to shares outstanding? (Enter your answer in millions.) |
| Shares outstanding (Click to select)increasesdecreases to million. |
| b-3. | If a large investor redeems 5 million shares, what is net asset value? |
| Net asset value | $
|
The answer for B1 is not 96 million
b2 is 20 million
Need answer for b1 and b3
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
1st Edition
1284026124, 9781284026122
