Problem $20-5($Algo$)$

A hedge fund with $$4\mathrm{.}3$ billion of assets charges a management fee of $2\%$ and an incentive fee of $10\%$ of returns over a money market rate, which currently is $6\%.$

Required:

Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of$.$

Note: Enter your answers in millions rounded to $1$ decimal place.

$\backslash$table$[[,$Portfolio Rate of Return $(\%),$Total Fee $($$ million$),$Total Fee $(\%)],[$a$.,-5,,2\mathrm{.}0],[$b$.,0,,2\mathrm{.}0],[$c$.,6,,2\mathrm{.}0],[$d$.,18,,]]$

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