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Assume the risk-free interest rate is 5% and is equal to the fund's benchmark, the portfolio's net asset value is $100, and the fund's standard

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Assume the risk-free interest rate is 5% and is equal to the fund's benchmark, the portfolio's net asset value is $100, and the fund's standard deviation is 20%. Also assume a time horizon of 1 year. What is the exercise price on the incentive fee? Multiple Choice O $105 $110 O O $102.5 O $115 O $100

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