Question: Question 1 (of 4) | Save & Exit || Submit value: 2.50 points A hedge fund charges an incentive fee of 20% of any investment

Question 1 (of 4) | Save & Exit || Submit value: 2.50 points A hedge fund charges an incentive fee of 20% of any investment returns above the T-bill rate, which currently is 2%. In the first year, the fund suffers a loss of 8%. What rate of retum must it earn in the second year to be eligible for an incentive fee? Rate of return
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