Question 5 1 pts If a hedge fund has a 2/20 fee structure and $15 million of assets under management, how much will its annual management fee be? $300 $3,000 $30,000 $300,000 O $3,000,000 Question 4 1 pts Which of the following is the income after expenses generated by a property? real estate income gross operating income net operating income earnings before tax earnings after tax Question 3 1 pts A provision that ensures performance fees are not earned until the value of a fund exceeds its previous highest level is referred to as which one of the following? unearned income provision low-fee provision water mark high-water mark O double-dip provision