A Hedge Fund Has $150 Million in Assets at the Beginning

question 1

Multiple Choice

A hedge fund has $150 million in assets at the beginning of the year and 10 million shares outstanding throughout the year.Throughout the year assets grow at 12%.The fund charges 3% management fee on assets.The fee is imposed on year end asset values.What is the end of year NAV for the fund?

• A) $15.00
• B) $15.60
• C) $16.30
• D) $17.55

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Health Expectancy

An estimate of the number of years a person can expect to live in a relatively healthy state, free of major diseases or disabilities.

Keiko

A common name in some cultures, but without a universal definition unrelated to specific concepts unless context is provided.

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Practices and habits that improve overall wellbeing, including balanced diet, regular exercise, and avoidance of harmful behaviors.

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