Multiple Choice
A hedge fund sets its fee at 2% and a 20% carry with an 8% benchmark. How much money will a hedge fun make in fees over the course of a year if AUM started at $1,000,000 and ended the year at 1,120,000?
A) $8,000
B) $22,400
C) $30,400
D) $38,000
Correct Answer:
Verified
Correct Answer:
Verified
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