Considering the following information for a hedge fund: Assuming the fund does not have deposits or withdrawals during the year. Management fees are based on the end-of-period valuation. Management fees and incentive fees are calculated independently. Please calculate the net-of-fees return of the investor: 这个题中奖金为什么直接用20乘以5%

The beginning value of a hedge fund is $100 million and earns a 20% return for the year. 2% management fee on end-of-year fund value and a 20% incentive fee on the return net of the management fees were charged by the fund. which is in excess of a 5% fixed hurdle rate. Please calculate the fund's investors' return for the year, net of fees is: A 19.66%. B 21.25%. C 15.11%. 老师，您好，这个题我听过网课的讲解，按照网课讲解的思路也能算出，但是唯一的疑惑是hurdle rate 为什么是本金乘以 5%，而不是终值120乘以5%，请老师讲解下，谢谢

Which of the following is not a reason to discount the value of stock in a closely held company? A Illiquidity. B Marketability. C Controlling interest 这个题不懂怎么分析

老师，可以帮我回顾一下三排五个键金融计算器的按法吗？

CAL有无数条，CML只有一条。那CAL是无风险收益和有效前沿所有点的连线，还是和最小方差前沿所有点的连线？还有，Optimal CAL就是CML吗？

为啥立刻少缴税就是永久性差异？没明白

不理解为啥投资性房地产转固定资产的时候要使用公允价值模式，不可以使用成本模式么？

Infrastructure investments may also be categorized by stage of development of the underlying assets. Investing in existing investable infrastructure assets may be referred to as A Brownfield investments. B Greenfield investments. C Redfield investment. 这个题没有读懂

hich of the following best describes why adding a commodities index position to a portfolio of stocks and bonds may be beneficial? A Commodities index positions are positively correlated with stock and bond prices. B Commodities index positions benefit from commodity markets oscillating between contango and backwardation. C Commodities index positions serve as a hedge against inflation.

The return on the assets posted as a good-faith deposit for the futures contracts can be best described as: A collateral yield. B storage cost. C convenience yield. 这个题不理解