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What will be annual return on invested in the fund

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Reference no: EM132894065

Problem 1: Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. What will be your annual return on $100 invested in the fund if the manager allows you to reinvest in the fund the 1% you earn each day?

Reference no: EM132894065

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