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Please could you use excel to answer this question and also please show the step by step process to get to the answer? Thanks in

Please could you use excel to answer this question and also please show the step by step process to get to the answer? Thanks in advance! image text in transcribed
A hedge fund manager (with 2 plus 20% charge) is considering an investment with the following probabilites of returns. What would be the expected return to the hedge fund manager if he undertakes the investment? How about the return to investors? Discuss the implications. Probability 0.40 0.60 Return (%) 40 -60

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