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.A hedge fund with $1 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a money
.A hedge fund with $1 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a money market rate, which currently is 5%. For portfolio returns of 1296, calculate total fees as a percent of assets under management. 7.00% 3.4096 12.00% 20.00%
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