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CFA Level 1 Question of the Week - Alternative Investments

Matt_AnalystPrepMatt_AnalystPrep MontrealPosts: 141 Associate
edited August 2017 in Level 1 Questions
A hedge fund has a beginning year value of $200 million, 2% management fee, and 20% incentive fee with the hurdle rate of 10%. The fees are paid at the end of the period and the incentive fee is calculated net of management fee. If the ending value of the fund is $300 million, then the total fee of the hedge fund is closest to:

CFA Level 1 Question of the Week - Alternative Investments 8 votes

$18.8 million
25% 2 votes
$20.8 million
75% 6 votes
$14.8 million
0% 0 votes

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