2. A fund has earned +4%, +12%, -2%, +10% over the past 4 years and its fee structure has been 2% of capital under management at the start of the year, each year. What is the funds before and after-fee 4-year effective annual performance?
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Answer rating: 100% (QA)

SOLUTION To calculate the funds before and afterfee 4year effective annual performance we need to first calculate the total return of the fund over th... View the full answer