The API Fund Currently Has Assets Under Management of $450

question 45

Multiple Choice

The API Fund currently has assets under management of $450 million. If the company uses a 2/20 fee structure, what is the yearly management fee?

• A)$140,000
• B)$1,400,000
• C)$1,440,000
• D)$14,000,000
• E)$14,400,000

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