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Question
If an investment management firm is known to be a two and twenty shop, this implies that the firm receives an annual:
a. 2% fee on invested capital and 20% carried interest
b. 20% fee on invested capital and 2% carried interest
c. 2% fee on gross operating profits and 20% carried interest
d. 20% fee on gross operating profits and 2% carried interest
Answer
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Related questions
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