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.

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

View Answer

Answer: C

Explanation:

Cumulative internal rate of return must be presented since inception of the fund and be net of fees, expenses and carry to the limited partner. Irr must be calculated based on cash- on- cash returns plus residual value.