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

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.
C) cumulative
A) limited
B) extended
D) general

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
[All CFA-Level-I Questions]

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.

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Suggested Answer: C
by Erasmo at Mar 07, 2026, 04:35 PM

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Adolph
2 days ago
I think the answer is A) limited. It makes sense for LPs.
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Tyisha
7 days ago
Wait, are we sure about this? Sounds a bit off to me.
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Marshall
12 days ago
Really? I always thought it was just limited IRR.
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Mignon
2 months ago
No way, it's cumulative for sure!
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Malcolm
2 months ago
I thought it was extended IRR?
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Alaine
2 months ago
It's definitely cumulative IRR that needs to be shown.
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Zita
2 months ago
Yeah, net of fees and expenses for sure!
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Thaddeus
3 months ago
Wait, are we sure about that? Seems off.
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Rory
3 months ago
Totally agree, it's cumulative!
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Myong
3 months ago
I thought it was extended IRR?
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Herminia
3 months ago
It's definitely cumulative IRR that needs to be presented.
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Tuyet
3 months ago
I thought it was "general," but that doesn't seem right now. I should have practiced more with those AIMR-PPS questions!
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Doyle
3 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?
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Buddy
4 months ago
I remember something about "limited" returns being discussed, but it feels a bit vague. I need to double-check my notes.
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Willis
4 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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