If an investment management firm is known to be a "two and twenty shop", this implies that the firm:
A) receives an annual 2% fee on invested capital, and a 20% carried interest
B) receives an annual 20% fee on invested capital, and a 2% carried interest
C) receives an annual 2% fee on gross operating profits, and a 20% carried interest
D) receives an annual 20% fee on gross operating profits, and a 2% carried interest
Correct Answer:
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