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City Street Fund has a portfolio of $502 million and liabilities of $22 million. a. If there are 30 million shares outstanding, what is the

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City Street Fund has a portfolio of $502 million and liabilities of $22 million. a. If there are 30 million shares outstanding, what is the net asset value? Net asset value b-1. If a large investor redeems 2 million shares, what happens to the portfolio value? (Enter your answer in millions.) Portfolio value to million b-2. If a large investor redeems 2 million shares, what happens to shares outstanding (Enter your answer in millions.) Shares outstanding to million

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