CFA® Level 1 Exam Practice Questions
Sample CFA Questions with Comprehensive Explanations
to Help You Pass the CFA Exam
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Detailed Rationales
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A hedge fund has the following fee structure, charged on year-end assets under management (AUM):
The fund value is $372 million at the beginning of the year and $412 million, before fees, at the end of the year. For this year, if fees are calculated independently, the net return to the investor is closest to:
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