Douglass an imperfect forecaster correctly predicts 45 of, Ask an Expert

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Douglass, an imperfect forecaster, correctly predicts 45% of all bull markets and 66% of all bear markets. Simmonds is a perfect forecaster. If Douglass is able to charge a fee of $12,100, the fee that Roy Simmonds should charge is __________. Assume that both forecasters manage similar-size funds.

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