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Mary bought a hedge fund which charges 2 plus 25% last year. Let the fund currently earn 35% before fees. Mary redeems her fund units
Mary bought a hedge fund which charges "2 plus 25%" last year. Let the fund currently earn 35% before fees. Mary redeems her fund units now,
- what is the total fee (in %) paid by her?
- how much does she earn (in %) after fees?
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