City Street Fund has a portfolio of $500 million and liabilities of $20 million. a. If there are 40 million shares outstanding, what is the net asset value? Answer is complete but not entirely correct. Net asset value $ 10 b-1. If a large investor redeems 3 million shares, what happens to the portfolio value? (Enter your answer in millions.) Answer is complete but not entirely correct. Portfolio value increases to $ 430 million b-2. If a large investor redeems 3 million shares, what happens to shares outstanding? (Enter your answer in millions.) Answer is complete but not entirely correct. Shares outstanding increases to $ 43 million b-3. If a large investor redeems 3 million shares, what is the net asset value? Answer is complete but not entirely correct. Net asset $ 10 value