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A hedge fund with $0.9 billion of assets charges a management fee of 1% and an incentive fee of 20% of returns over a money
A hedge fund with $0.9 billion of assets charges a management fee of 1% and an incentive fee of 20% of returns 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:
a. -5%
b. 0%
c. 4%
d. 6%
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