75 At the start of Year 1. Factory Management Hedge Fund had $200 million in net assets. Factory is entitled to an annual incentive fee of 10% of the fund's return, subject to a high water mark of $200 million. Assuming no contributions or withdrawals from the tund over the next 2 years, what incentive fees will the managers collect at the end of Year 2 ir the fund returns -5% in Year 1 and 15% in Year 2? Select one: a $2,150,000 b. $2,000,000 c. $1,850,000 d. $2,300,000 uestion 78 An Investor owns 1,000 shares of CTC Co. Through a rights offering the investor receives one right per share he owns and subsequently sells them in the market for $2 each. Brokerage fees are $50. Calculate the investor's taxable capital gain? wered arked out of .00 Select one: O a $2,000 Flag uestion b. $975 O c. $1,950 O d. $1,000