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How much money will hedge fund make in fees over the course

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Question - A hedge fund sets its fee at 2% and a 20% carry with an 8% benchmark. How much money will a hedge fund make in fees over the course of a year if AUM started at $2,000,000 and ended the year at 2,300,000?

a. $92,040

b. $80,400

c. $74,000

d. $68,300

Reference no: EM133117949

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