Question: High Rollers Hedge Fund has a standard 10.5 percent performance fee. If High Rollers were able to raise $12 million and generate a 15.5 percent

High Rollers Hedge Fund has a standard 10.5 percent performance fee. If High Rollers were able to raise $12 million and generate a 15.5 percent return in its first year of operation, what would be the dollar amount of their performance fee?

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