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Required: A hedge fund with $1.9 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a

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Required: A hedge fund with $1.9 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a money market rate, which currently is 4%. Calculate total fees, both in dollars and as a percent of assets under management, for portiolio returns of: (Enter your answers in millions rounded to 1 decimal place.)

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