Home / Questions / City Street Fund has a portfolio of $450 million and liabilities of $10 million a If 44 mi...
City Street Fund has a portfolio of $450 million and liabilities of $10 million.a. If 44 million shares are outstanding, what is net asset value?b. If a large investor redeems 1 million shares, what happens to the portfolio value, to shares outstanding, and to NAV?View Solution:
City Street Fund has a portfolio of 450 million and
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