Question
a fund has earned +4%, +12%, -2%, +10% over the past 4 years and its fee structure has been 2% of capital under management at
a fund has earned +4%, +12%, -2%, +10% over the past 4 years and its fee structure has been 2% of capital under management at the start of the year, each year. what is the funds before and after-fee 4 years effective annual performance?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
