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A hedge fund with $2.3 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a money

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A hedge fund with $2.3 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a money market rate, which currently is 6%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of (Enter your answers in millions rounded to 1 decimal place.) Total Fee ($ million) Total Fee (%) Portfolio Rate of Return (%) -1 0 a b. c. 6 d. 12

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