a hedge fund has the following fee structure annual management fee based on year-end AUM 2% incentive fee 20% hurdle rate before incentive fee collection starts 4% current high-water mark 610 million the fund has a value of $ 583.1 million at the beginning of the year.after one year,it has a value of $642 million before fees.the net return to an investor for this year is closest to A 6.72% B 6.80% C 7.64 老师，high water 这块的计算没理解，为什么要610*（1+4%），为什么还要是1+4%

他我觉得这道题A，C都对吧

老师，carry value, marking value, book value, 还有nrv 一直没搞明白他们区别。。能详细解释一下不

文字解析里的Z为什么是3啊， 3不应该是K 吗

课件讲义说的是repair and maintenance 费用要费用化，请问本题为什么要资本化

为什么A不是呢……

35秒，加盟费应记入capital账户而不是current账户。不少课后题的关键词如此题的mineral rights为什么不翻译！

a country with a persistent trade surplus is being pressured to let its currency appreciate,which of the following best describes the adjustment that must occur if currency appreciation is to be effective in reducing the trade surplus A domestic investment must decline relative to saving B foreigners must increase investment relative to saving C global capical flows must shift toward the domestic market

in practice,both a fixed parity regime and a target zone regime allow the exchange rate to float within a band around the parity level.the most likely rationale for the band is that the band allows the monetary authority to A be less active in the currency market B earn a spread on its currenty transactions c exercise more discretion in monetary policy

Fiscal policy is typically expansionary, while monetary policy is typically contractionary. 这个错在哪里呢？