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High Rollers Hedge Fund has a standard 12 percent performance fee. If High Rollers were able to raise $15 million and generate a 17 percent

High Rollers Hedge Fund has a standard 12 percent performance fee. If High Rollers were able to raise $15 million and generate a 17 percent return in its first year of operation, what would be the dollar amount of its performance fee? Note: Do not round intermediate calculations. Ener your answer in dollars not in millions. Round your answer to the nearest whole number

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