2 . CMD Asset Management has the following fee structure for clients in its equity fund: 1...
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Question:
CMD Asset Management has the following fee structure for clients in its equity fund:
of first $ million invested
of next $ million invested
of next $ million invested
above $ million
a Calculate the annual dollar fees paid by Client who has $ million under management, and Client who has $ million under management.
b Calculate the fees paid by both clients as a percentage of their assets under management.
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