1. If you invested $50k on 6/4/2014 and received a $150k distribution on 2/4/2020, then what is the investment's IRR? Paste A. 17% (rounded) B. 19% (rounded) C. 21% (rounded) 2. If a $300k investment has only two distributions of $150k and $350k in Years 2 and 5 respectively, then what is the investment's NPV with a 12% discount rate? A. $18k (rounded) B. $64k (rounded) C. $200K (rounded) 3. If you invest in a company with $3.3M in ARR, and by month 6, its ARR is $8.3M, what is the monthly growth rate? A. 6.6% (rounded) B. 16.6% (rounded) C. 116.6% (rounded) 4. If an investment has a 37.5% chance of losing $1M, a 12.5% chance of earning $1M, and a 50% chance of breaking even, then what is its expected value? A. -$500,000 B. $250,000 C. $0 5. Diversification doesn't reduce a portfolio's: A. Systematic risk B. Specific risk C. Overall risk 6. Alpha is the portion of a fund's return attributable to: A. The market B. Skill C. Luck 7. What is the efficient market hypothesis? A. Markets are always the most efficient way to allocate resources B. Asset prices already reflect all of the facts about the state of the market C. Asset prices already reflect all publicly available information