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You invest $ 1 0 0 , 0 0 0 in a hedge fund with a 2 / 2 0 fee structure. For the next
You invest $ in a hedge fund with a fee structure. For the next years, the hedge fund earns annual returns of and You make no withdrawals from the fund. Whenever fees are due, you write a check for that amount to the fund such that the fund doesn't deduct the fees from your portfolio value The fund's fee structure has a high watermark feature. What are the total fees you pay over the course of the three years? Enter a number with two decimal points. Answer the question in dollar amount, ie if the answer is $ enter
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