Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question

Transcribed Image Text:Year Called-down Paid in capital Momt Fees
$21
2016
2018
$26
2018
$16
2019
$10
2020 $27
O $10.51
O$13.20
The carried interest percent is 20%. The committed capital amount is $100.
The management fee percent is 2.00%
What is the carried interest in 2020?
$14.80
Table 13
NAV after
Operating NAV before Carried
Results Distributions Interest Distributions Distributions
-$16
$4
$14
O $2.98
$44
$49
$5
$10
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