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A hedge fund with $1.3 billion of assets charges a management fee of 1.5% and an incentive fee of 15% of returns over a

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A hedge fund with $1.3 billion of assets charges a management fee of 1.5% and an incentive fee of 15% of returns over a money market rate, which currently is 5.8%. Calculate total fees, both in dollars and as a percent of assets under management, for the portfolio returns in the table below. (Enter your answers for Total Fee ($ millions) in millions not dollars. Round your answers to 1 decimal place.) a. b. Portfolio Rate of Return (%) -5 Total Fee ($ million) Total Fee (%) C. d. 5 10

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