Based on the available information, please complete the following parts.Calculate the return for each year and also...
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Accounting
Based on the available information, please complete the following parts.
- Calculate the return for each year and also decide the high watermark;
- Calculate the management fee in dollars, assume it is 1%;
- Calculate the incentive fee net of management fee in dollars;
- Lastly calculate the net returns to the investors. You may show full workings in the space below or use an excel file to answer it (and submit through excel link).
| Year 1 | Year 2 | Year 3 | Year 4 | |
| Initial Value | 300,000 | 285,000 | 325,000 | 290,000 |
| Ending Value | 285,000 | 325,000 | 290,000 | 322,000 |
| Return | ||||
| High Watermark | ||||
| Hurdle rate | 10% | 10% | 10% | 10% |
| Management fee ($) | ||||
| Incentive fee net of management fee ($) | ||||
| Net returns to investors |
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