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Let's assume you manage a levered hedge fund. You invest $100 in asset A which rises 0.03 (note that this is in a decimal, so

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Let's assume you manage a levered hedge fund. You invest $100 in asset A which rises 0.03 (note that this is in a decimal, so for instance, 0.05 means 5%) over the period of the investment. You borrow $80 to invest in asset A and the rate on the loan is 5% over the period of the investment The return over the period of the investment on the net investment is __? Enter your answer in a decimal with two places. That is, if your answer is 10%, write 0.10. IMPORTANT: DO NOT ROUND IF YOU HAVE INTERMEDIATE STEPS

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