Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 07, 2024

A fund charges a 2 . 0 % management fee on a $ 1 0 M fund. It called capital for $ 1 M in

A fund charges a

2.0 %

management fee on a $

10

M fund. It called capital for $

1

M in year

1

and $

5

M in year

2 .

It distributed $

2

M in year

5

and has a NAV of $

8

M in year

6 .

The fund does not charge any carried interest. What is the IRR and the TVPI of the fund?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Finance

Authors: Alan Parkinson

1st Edition

0750618264, 978-0750618267

More Books

Students also viewed these Finance questions

Question

★★★★★

Pheromones are a special type of compound secreted by the females of many insect species to attract the males for mating. One pheromone has the molecular formula C19H38 O. Normally, the amount of...

Answered: 1 week ago

Question

★★★★★

13. Problem 13, part f. in Chapter 3 asks you to construct a five-year financial projection for Jasmine Apparel beginning in 2006. Based on your forecast, or the suggested answer in...

Answered: 1 week ago

Question

★★★★★

The monthly income (in thousands of dollars) of employees in a large firm is represented by a continuous variable X having density f (x) = { 160 x6 , x 2, 0 otherwise. Then the expected value of X...

Answered: 1 week ago

Question

★★★★★

Consider a sample with data values of 10, 20, 12, 17, and 16. Compute the z-score for each of the five observations.

Answered: 1 week ago

Question

★★★★★

Question 4 ( a ) Distinguish the data storage features, stored data modification abilities, data access processing, and the interconnections with central processing unit between the random access...

Answered: 1 week ago

Question

★★★★★

. Marvin and Pamela are married, file a joint return, and have two children, ages 9 and 11. Their combined AGI is $65,000. Marvin's earned income is $40,000; Pamela's is $25,000. They incur $8,500 of...

Answered: 1 week ago

Question

★★★★★

Please solve COMPANY NAME: HONDA Brief introduction to company and its product Presentation of global inputs for the product Company's motivations for supplier selection and sourcing the inputs...

Answered: 1 week ago

Question

★★★★★

1.Now imagine that, with the introduction of money, financial institutions are put in place. Briefly , would the establishment and development of a financial sector help promote economic growth or...

Answered: 1 week ago

Question

★★★★★

Contrary to the strategy of maintaining a large inventory adopted by most American retailers, 7-11 is more selective in the products that they put on shelves. 7-11 chooses to shelve products that are...

Answered: 1 week ago

Question

★★★★★

AApproximate air as a mixture of 7 8 % Nitrogen and 2 2 % oxygen ( by moles ) . Calculate the followings for air using values you find in ( A . 5 ) . Be careful about units. ( a ) Specific gas...

Answered: 1 week ago

Question

★★★★★

(7) (2 pts) Location update is an important task to perform as a mobile unit moves around in a mobile IP network. If we use indirect-routing, new location update only needs to be done at the home...

Answered: 1 week ago

Question

★★★★★

Which two aspects of an orientation program do you think are the most important in socializing new employees? Support your choices.

Answered: 1 week ago

Question

★★★★★

Describe the nature and extent of the literacy problem facing organizations today. How might this problem affect an organizations attempt to introduce new technology (e.g., a computer-aided...

Answered: 1 week ago

Question

★★★★★

What is a supervisors role in employee orientation? What could be done to convince or encourage a skeptical supervisor to fulfill this role in orientation?

Answered: 1 week ago

Previous Question Next Question