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Business, 14.12.2019 03:31 rameen4

Ahedge fund has $150 million in assets at the beginning of the year and 10 million shares outstanding throughout the year. throughout the year assets grow at 12%. the fund charges a 3% management fee on the assets. the fee is imposed on year-end asset values. what is the end-of-year nav for the fund

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Ahedge fund has $150 million in assets at the beginning of the year and 10 million shares outstandin...
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