Question
If a manager charges a 25% performance fee, they have which of the following option positions? A. Long a call on 25% of the performance
If a manager charges a 25% performance fee, they have which of the following option positions? A. Long a call on 25% of the performance of the fund. B. Short a call on 25% of the performance of the fund. C. Long a put on 25% of the performance of the fund. D. Short a put on 25% of the performance of the fund.
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Financial Freedom
Authors: Timothy Turner
1st Edition
1801573573, 978-1801573573
