can someone share the explaination ? how do we calculate
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Can you share its solution. Because my answer is coming 2.4.
As hard hurdle is 6%, therefore in this case performance fee will be 20% of (280-212) which is 13.6
Now if it would have been soft hurdle, than fee would be 20% of (280-200) which is 16
Hence additional fee is 2.4
How come answer is 7.6
Yes, its coming 2.4 as difference.
yes sure !
here is the answer given !