What happens to shares outstanding

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Reference no: EM131995395

City Street Fund has a portfolio of $490 million and liabilities of $10 million.

a. If there are 30 million shares outstanding, what is 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 (Click to select)increasesdecreases to $ million.

b-2. If a large investor redeems 1 million shares, what happens to shares outstanding? (Enter your answer in millions.)

Shares outstanding (Click to select)increasesdecreases to million.

b-3. If a large investor redeems 1 million shares, what is net asset value?

Net asset value $

Reference no: EM131995395

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