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City Street Fund has a portfolio of $484 million and liabilities of $14 million. Required: a. If there are 94 million shares outstanding, what is
City Street Fund has a portfolio of $484 million and liabilities of $14 million. Required: a. If there are 94 million shares outstanding, what is the net asset value? b-1. If a large investor redeems 4 million shares, what happens to the portfolio value? (Enter your answer in dollars not in millions.) b-2. If a large investor redeems 4 million shares, what happens to shares outstanding? (Enter your answer in dollars not in millions.) b-3. If a large investor redeems 4 million shares, what is the net asset value
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