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Problem 4-19 (Algo) City Strec: Fund has a portfolo of $460 million and abilities of $15 million Required: a

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Problem 4-19 (Algo) City Strec: Fund has a portfolo of $460 million and abilities of $15 million Required: a. If there are 31 milion shares outstanding, what is the net asset value? Net asset value 15 Per share 61. If a large investor redeems 3 million shares what happens to the portfolio value? (Enter your answer in dollars not in milions.) Portfolio b 2. fa large investor redeems 3 million shares, what happens to shares outstanding? (Enter your answer in dollars not in millions.) Share ting 00 b 3. ta large investor redeems 3 milion shares, what is the net asset value?