Question: High Rollers Hedge Fund has a standard 14 percent performance fee. If High Rollers were able to raise $20 million and generate a 19.5 percent

High Rollers Hedge Fund has a standard 14 percent performance fee.

High Rollers Hedge Fund has a standard 14 percent performance fee. If High Rollers were able to raise $20 million and generate a 19.5 percent return in its first year of operation, what would be the dollar amount of their performance fee? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) Fee S 546,000

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