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Problem 26-9 A hedge fund with $1.1 billion of assets charges a management fee of 1% and an incentive fee of 20% of returns over

Problem 26-9 A hedge fund with $1.1 billion of assets charges a management fee of 1% and an incentive fee of 20% of returns over a money market rate, which currently is 6.2%. Calculate total fees, both in dollars and as a percent of assets under management, for the portfolio returns in the table below. (Enter your answers for Total Fee ($ millions) in millions not dollars. Round your answers to 1 decimal place.) please explaen

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