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9. Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. What will beyour annual return on $100 invested in the fund if the manager allows you to reinvest in the fund the 1% you earn eachday?

Answer»

Answer:

Suppose money invested in a HEDGE fund earns 1% per trading DAY. There are 250 trading days per year. What will be your annual return on $100 invested in the fund if the manager allows you to reinvest in the fund the 1% you EARN each day?

1203.22

Step-by-step explanation:

1203.22



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