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CMD Asset Management has the following fee structure for clients in its equity fund: a....

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CMD Asset Management has the following fee structure for clients in its equity fund: a. Calculate the annual dollar fees paid by Client 1 , who has $27 million under management, and Client 2, who has $97 million under management. b. Calculate the fees paid by both clients as a percentage of their assets under management c. What is the economic rationale for a fee schedule that declines (in percentage terms) with increases in assets under management

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