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Assume Cambridge Ventures ralses $10,130.000 for a private equity fund with a one year life. The fund has a hurdle rate of 6 percent. above

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Assume Cambridge Ventures ralses $10,130.000 for a private equity fund with a one year life. The fund has a hurdle rate of 6 percent. above which it earns a carried interest of 20 percent. If Cambridge generates a retuin of 16 percent. what is the firm's carried interest for the year

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