Multiple Choice
Consider a hedge fund with $250 million in assets at the start of the year. If the gross return on assets is 18% and the total expense ratio is 2.5% of the year-end value, what is the rate of return on the fund?
A) 15.05%
B) 15.5%
C) 17.25%
D) 18%
Correct Answer:

Verified
Correct Answer:
Verified
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