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 $2,000,000 and ended the year at 2,300,000?
A) $68,300
B) $74,000
C) $80,400
D) $92,040
Correct Answer:
Verified
Correct Answer:
Verified
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