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Question 6 1 pts You invest $100 in a hedge fund with 2/20 fee structure. For the next 3 years, the hedge fund earns annual
Question 6 1 pts You invest $100 in a hedge fund with 2/20 fee structure. For the next 3 years, the hedge fund earns annual returns of 15%, -20%, and 50%. You make no withdraw from the fund and all the fees due are directly deducted from the value of money you invested. The fund's fee structure has a high water mark feature. What is the fee you pay (or more accurately, the fee that gets deducted from your investment) at the end of second year? $1.76 $3.76 $0.76 $2.76
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