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Business, 21.02.2020 17:59 luisgonz5050
You manage a hedge fund with $400 million in assets. Your fee structure provides for a 1% annual management fee with a 20% incentive on returns over an 8% benchmark. If the fund value is $445 million at the end of the year, what is your fee?a. $4,000,000
b. $6,600,000
c. $8,400,000
d. $2,600,000
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