Required:

A hedge fund with $$0\mathrm{.}7$ billion of assets charges a management fee of $3\%$ and an incentive fee of $20\%$ of returns over a money market rate, which currently is $6\%.$ Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of: $($Enter your answers in millions rounded to $1$ decimal place.$)$Required:

A hedge fund with $$0\mathrm{.}7$ billion of assets charges a management fee of $3\%$ and an incentive fee of $20\%$ of retums over a

money market rate, which currently is $6\%.$ Calculate total fees, both in dollars and as a percent of assets under

management, for portfolio returns of: $($Enter your answers in millions rounded to $1$ decimal place.$)$