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13) With respect to VC impact funds, A) LPs are willing to accept a lower ex-ante IRR than that required to traditional VC funds. B)

13) With respect to VC impact funds,

A) LPs are willing to accept a lower ex-ante IRR than that required to traditional VC funds. B) These funds impose a lower cost of equity capital to the start-ups they invest into. C) There is no heterogeneity in LPs willingness to pay for these funds across countries. D) A and B.

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