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A hedge fund with $0.5 billion of assets charges a management fee of 1% and an incentive fee of 20% of retums over a money

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A hedge fund with $0.5 billion of assets charges a management fee of 1% and an incentive fee of 20% of retums over a money market rate, which currently is 4%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of (Enter your answers in millions rounded to 1 decimal place.) Portfolio Rate of Return (%) -4 Total Fee (5 million) Total Fee (%) b 0 4 c d 8

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