A hedge fund with $2.4 billion of assets charges a management fee of 1% and an...

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A hedge fund with $2.4 billion of assets charges a management fee of 1% and an incentive fee of 10% of returns over a money market rate, which currently is 8%. Required: Calculate total fees, both in dollars and as a percent of assets under management, for the portfolio returns in the table below. Note: Enter your answers for Total Fee ($ millions) in millions not dollars. Round your answers to 2 decimal places. Portfolio Rate of Return (%) a. -5 b. 0 C. 5 d. 10 Total Fee ($ million) Total Fee (%) A hedge fund with $2.4 billion of assets charges a management fee of 1% and an incentive fee of 10% of returns over a money market rate, which currently is 8%. Required: Calculate total fees, both in dollars and as a percent of assets under management, for the portfolio returns in the table below. Note: Enter your answers for Total Fee ($ millions) in millions not dollars. Round your answers to 2 decimal places. Portfolio Rate of Return (%) a. -5 b. 0 C. 5 d. 10 Total Fee ($ million) Total Fee (%)