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At the start of the year, the value of assets managed by Bank Hedge Fund was $250 million. Over the year, the fund earned a

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At the start of the year, the value of assets managed by Bank Hedge Fund was $250 million. Over the year, the fund earned a gross return of 15% compared with the market index return of 10%. The fund manager charges a management fee of 1.50% of the asset value at commencement, and a performance fee of 20% above the market benchmark. Calculate the following information: a. The management fee is $_ million. b. Excess dollar return above the market is $_ million. c. Performance fee is $ million. d. Total fees earned by the manager over the year are $ million

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