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

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Doyle

9 hours 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

6 days 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

11 days 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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