A hedge fund with net asset value of $62 per share currently has a high water mark

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A hedge fund with net asset value of $62 per share currently has a high water mark of $66. Is the value of its incentive fee more or less than it would be if the high water mark were $67?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 08:06 AM

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A hedge fund with net asset value of $62 per share currently has a high water mark

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The incentive fee is typically equal to 20 of the hedge funds pro...View the full answer

Investments

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