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Suppose that Hedge Fund A charges `1 plus 25% and Hedge Fund B charges `2 plus 20%. Which return before fees (gross return) does each
Suppose that Hedge Fund A charges `1 plus 25% and Hedge Fund B charges `2 plus 20%. Which return before fees (gross return) does each fund need to earn such that the funds returns after fees are equal?
a.
17%
b.
6.7%
c.
19%
d.
15.6%
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