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CFA Institute CFA-Level-I Exam - Topic 3 Question 27 Discussion

Posted by Erasmo on Mar 07, 2026 at 04:35 PM

According to the AIMR-PPS for venture and private placements, ________ internal rate of return must be presented since inception of the fund and be net of fees, expenses and carry to the limited partner.

Suggested Answer: C
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26 comments · newest first
MI
Micah 1 month ago
D) general doesn’t fit. Limited is more specific for LPs.
BR
Brittney 1 month ago
C) cumulative seems right. It shows total performance over time.
QU
Quentin 2 months ago
I’m leaning towards B) extended. It covers more ground.
RE
Rebeca 2 months ago
I think the answer is A) limited. It makes sense for LPs.
JA
Jacqueline 2 months ago
D) general? Not sure about that one. Feels off.
YO
Yolando 2 months ago
C) cumulative seems right. It shows total performance over time.
WI
Wilda 2 months ago
I’m leaning towards B) extended. It covers more ground.
QU
Queenie 2 months ago
I think the answer is A) limited. It makes sense for LPs.
AL
Alaine 3 months ago
D) general seems off. It doesn’t fit the context well.
HY
Hyun 3 months ago
I feel C) cumulative is the right choice. It shows total performance.
FA
Fairy 3 months ago
I’m leaning towards B) extended. It covers more ground.
AD
Adolph 3 months ago
I think the answer is A) limited. It makes sense for LPs.
TY
Tyisha 3 months ago
Wait, are we sure about this? Sounds a bit off to me.
MA
Marshall 3 months ago
Really? I always thought it was just limited IRR.
MI
Mignon 5 months ago
No way, it's cumulative for sure!
MA
Malcolm 5 months ago
I thought it was extended IRR?
AL
Alaine 5 months ago
It's definitely cumulative IRR that needs to be shown.
ZI
Zita 5 months ago
Yeah, net of fees and expenses for sure!
TH
Thaddeus 6 months ago
Wait, are we sure about that? Seems off.
RO
Rory 6 months ago
Totally agree, it's cumulative!
MY
Myong 6 months ago
I thought it was extended IRR?
HE
Herminia 6 months ago
It's definitely cumulative IRR that needs to be presented.
TU
Tuyet 6 months ago
I thought it was "general," but that doesn't seem right now. I should have practiced more with those AIMR-PPS questions!
DO
Doyle 6 months ago
I’m leaning towards "extended" because it sounds familiar, but I can't recall the exact context. Did we go over this in our last review session?
BU
Buddy 7 months ago
I remember something about "limited" returns being discussed, but it feels a bit vague. I need to double-check my notes.
WI
Willis 7 months ago
I think the answer might be "cumulative," but I'm not entirely sure. We covered a similar question in class.
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