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A hedge fund with $2.4 billion of assets charges a management fee of 1% and an incentive fee of 10% of returns over a money
A hedge fund with $2.4 billion of assets charges a management fee of 1% and an incentive fee of 10% of returns over a money market rate, which currently is 8%. Calculate total fees, both in dollars and as a percent of assets under management, for the portfolio returns in the table below. (Enter your answers for Total Fee ($ millions) in millions not dollars. Round your answers to 1 decimal place.)
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