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Business, 28.08.2021 04:00 tiiiiffany

Assume that you have invested $500,000 to purchase shares in a hedge fund reporting $800 million in assets, $100 million in liabilities, and 70 million shares outstanding. Your initial lockout period is 3 years. a. How many shares did you purchase?
b. If the share price after 3 years increases to $15.28, what is the value of your investment?
c. What is your annualized return over the 3-year holding period?

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