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  3. an investment fund has the following assets in its

An investment fund has the following assets in its portfolio: $36...

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Accounting

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An investment fund has the following assets in its portfolio: $36 million in fixed-income securities and $36 million in stocks at current market values. In the event of a liquidity crisis, it can sell its assets at a 93 percent discount if they are disposed of in two days. It will receive 95 percent of disposed of in four days. Two shareholders, A and B. own 4 percent and 6 percent of equity (shares) respectively. a. Market uncertainty has caused shareholders to sell their shares back to the investment fund. What will the two shareholders receive if the investment fund must sell all its assets in two days? In four days? (Do not round intermediate colculations. Enter your answers in millions rounded to 2 decimal places. (e.g., 32.16)) million Two days Four days

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