City Street Fund has a portfolio of $440 million and liabilities of $20 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 1 million shares, what happens to the portfolio value? (Enter your answer in millions.) Portfolio value to million b-2. If a large investor redeems 1 million shares, what happens to shares outstanding? (Enter your answer in millions.) Shares outstanding to million