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Compared to mutual funds, hedge funds are more "open" in terms of allowing investors to make withdrawals, Suppose that Thompson Hedge Fund obtains and invests $3 of borrowed funds for every 51 of equity invested. In other words, it can invest stof assets for each $1 of equity. Also suppose that Thompson can achieve a 10% return on assets (ROA), Given this ROA, the return on Thompson's equity Investment is Suppose that Thompson Hedge Fund obtains and invests $3 of borrowed funds for every 51 of equity invested. In other words, it can invest se of assets for each $1 of equity. However, suppose that Thompson suffers a 10% loss, or a -10% retum on assets (ROA) Given this ROA, the return on Thompson's equity Investment is