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

Actual exam question for CFA Institute's CFA-Level-I exam

Question #: 27
Topic #: 3

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.

Alimited

Bextended

Ccumulative

Dgeneral

Show Suggested Answer

Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium CFA-Level-I Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Mignon

12 days ago

No way, it's cumulative for sure!

upvoted 0 times

...

Malcolm

17 days ago

I thought it was extended IRR?

upvoted 0 times

...

Alaine

23 days ago

It's definitely cumulative IRR that needs to be shown.

upvoted 0 times

...

Zita

28 days ago

Yeah, net of fees and expenses for sure!

upvoted 0 times

...

Thaddeus

1 month ago

Wait, are we sure about that? Seems off.

upvoted 0 times

...

Rory

1 month ago

Totally agree, it's cumulative!

upvoted 0 times

...

Myong

1 month ago

I thought it was extended IRR?

upvoted 0 times

...

Herminia

2 months ago

It's definitely cumulative IRR that needs to be presented.

upvoted 0 times

...

Tuyet

2 months ago

I thought it was "general," but that doesn't seem right now. I should have practiced more with those AIMR-PPS questions!

upvoted 0 times

...

Doyle

2 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?

upvoted 0 times

...

Buddy

2 months ago

I remember something about "limited" returns being discussed, but it feels a bit vague. I need to double-check my notes.

upvoted 0 times

...

Willis

2 months ago

I think the answer might be "cumulative," but I'm not entirely sure. We covered a similar question in class.

upvoted 0 times

...