学员提问：CSC V2

Hemali Singh is a Hedge Fund Manager who runs her Fund under the 2 & 20
rule. In 2013, she started the year with $10 million in Assets under Management.
After fees were deducted at the end of the year, the Hedge Fund was worth $14
million. At the end of 2014, the Hedge Fund was worth $12 million. At the end of
2015, it was worth $14 million. Assuming that her fund operated under “high
water mark” rules, her fees for 2015 would be closest to…
a) $0.
b) $280,000.
c) $400,000.
d) $680,000