Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Chapter 20, Problem 11PS

A hedge fund with $ 1 billion of assets charges a management fee of 2 % and an incentive of 2 0 % of returns over a money market rate, which currently is 5 % . Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of: LO 2 0 4
a. 5 % .
b. 0.
C. 5 % .
D. 1 0 % .

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