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Category > Business & Finance Posted 26 May 2017 My Price 8.00

4. CMD Asset Management has the following

4.       CMD Asset Management has the following fee structure for clients in its equity   fund:

 

1.00% of first $5 million invested 0.75% of next $5 million invested 0.60% of next $10 million invested 0.40% above $20 million

 

a.    Calculate the annual dollar fees paid by Client 1, who has $27 million under manage- ment, and Client 2, who has $97 million under    management.

b.    Calculate the fees paid by both clients as a percentage of their assets under management.

c.    What is the economic rationale for a fee schedule that declines (in percentage terms) with increases in assets under  management?

 

 

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Status NEW Posted 26 May 2017 05:05 PM My Price 8.00

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