Use Table 8 to answer the next two questions. Assume the committed capital is $100 the management fee is 2.00%, and the carried interest is 20.00%. Year Called-down Paid in capital Mgmt Fees 2015 $26 2016 $31 2017 $21 2018 $10 2019 $12 What is the carried interest in 2019? O $5.40 Table 8 Operating NAV before Carried NAV after Results Distributions Interest Distributions Distribution: -$14 $6 $11 $41 $46 $5 $10

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter7: Valuation Of Stocks And Corporations
Section: Chapter Questions
Problem 23SP
icon
Related questions
Question
Use Table 8 to answer the next two questions. Assume the committed capital is $100,
the management fee is 2.00%, and the carried interest is 20.00%.
Year
2015
2016
2017
2018
2019
$5.40
What is the carried interest in 2019?
Called-down Paid in capital Mgmt Fees
$26
$31
$21
O $11.20
$9.12
$9.85
$10
$12
Table 8
Operating NAV before Carried
NAV after
Results Distributions Interest Distributions Distributions
-$14
$6
$11
$41
$46
$5
$10
Transcribed Image Text:Use Table 8 to answer the next two questions. Assume the committed capital is $100, the management fee is 2.00%, and the carried interest is 20.00%. Year 2015 2016 2017 2018 2019 $5.40 What is the carried interest in 2019? Called-down Paid in capital Mgmt Fees $26 $31 $21 O $11.20 $9.12 $9.85 $10 $12 Table 8 Operating NAV before Carried NAV after Results Distributions Interest Distributions Distributions -$14 $6 $11 $41 $46 $5 $10
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Economic Value Added
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Fundamentals Of Financial Management, Concise Edi…
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning