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Required: A hedge fund with $ 1 . 8 billion of assets charges a management fee of 3 % and an incentive fee of 2

Required:
A hedge fund with $1.8 billion of assets charges a management fee of 3% and an incentive fee of 20% of returns over a money market
rate, which currently is 6%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of:
(Enter your answers in millions rounded to 1 decimal place.)
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