Use the Following Information to Answer the Question(s)below

question 3

Multiple Choice

Use the following information to answer the question(s) below.
John Galt is a mutual fund manager at Atlas Asset Management.He can generate an alpha of 2% a year up to $500 million of invested capital.After that amount,his skills are spread too thin,so he cannot add value and his alpha is zero for all investments over $500 million.Atlas Asset Management charges a fee of 0.80% on the total amount of money under management.Assume that there are always investors looking for positive alpha investments and no investor would invest in a fund with a negative alpha.Assume that the fund is in equilibrium,meaning that no investor either takes out money or wishes to invest new money into the fund.
-The amount of money that Galt's fund will have under management is closest to:

• A)$500 million.
• B)$600 million.
• C)$1000 million.
• D)$1250 million.

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A room containing a toilet and typically also a sink and either a bathtub or a shower, meant for personal hygiene activities.

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The gradual, inevitable process of bodily deterioration that occurs throughout life, independent of external factors.

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Physical, cognitive, and emotional transformations that occur as a person moves through different stages of life.

Irreversible Changes

Refers to changes that cannot be undone or reverted to their original state.