Question on CFAI Mock Exam PM: Alternatives

CFA Level II Alternative Investments
#1

[original post removed]

#2

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#3

This has been answered in another post.

http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91350523

#4

Thanks for the clarification people.

Krokodilizm, my mock was old. All fixed now!