. If there are 30 million shares outstanding, what is the net asset value?   b-1. If a large investor redeems 3 million shares, what happens to the portfolio value?

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Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
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City Street Fund has a portfolio of $420 million and liabilities of $30 million.

 

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a. If there are 30 million shares outstanding, what is the net asset value?

 



b-1. If a large investor redeems 3 million shares, what happens to the portfolio value? (Enter your answer in dollars not in millions.)

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