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Basic Question 5 of 9
Continue with the previous question. Now suppose that after year two the investment value is up to $1,200,000. What are the fees charged by the fund?
B. $88,000.
C. $100,400.
A. $64,000.
B. $88,000.
C. $100,400.
User Contributed Comments 2
| User | Comment |
|---|---|
| khalifa92 | incentive fee aint net of management fee until its mentioned |
| REllis | There was also no mention of a high water mark value... this question is stupid |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
calculate and interpret alternative investment returns both before and after fees
CFA® 2024 Level I Curriculum, Volume 5, Module 2.