5. Suppose a hedge fund will have a return over the next year of either -10% or 30%, with equal probability. The fee structure is 2 plus 25% (the meaning of this fee structure is explained in your PP slides and the text.) a) What is the expected return of the fund (ignoring fees)? b) What will be the fee corresponding to each possible return? c) What is the expected return of the fund net of fees? 6. Why does the incentive component to a hedge fund's (or mutual fund's) fee structure encourage the manager to increase risk