Suppose you manage a risky portfolio with expected return 15% and standard deviation 30%. The risk-free rate is 5%. Your client points out that there is a passively managed fund that offers an expected return after fees of 10% with standard deviation 25%. What is the maximum fee (expressed as % of assets per annum) that you can charge before it is advantageous for your client to move?

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million