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City Street Fund has a portfolio of $502 million and liabilities of $12 million. a. If there are 49 million shares outstanding, what is net

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City Street Fund has a portfolio of $502 million and liabilities of $12 million. a. If there are 49 million shares outstanding, what is 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 (Click to select) to $D million. b-2. If a large investor redeems 2 million shares, what happens to shares outstanding? (Enter your answer in millions.) Shares outstanding ((Click to select) to million. b-3. If a large investor redeems 2 million shares, what is net asset value? Net asset value Net asset value $0

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