Paper LBO that ends up being a 2.0x in 1 year. What's the IRR?
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IRR = 100%. With one year, IRR = MOIC - 1 = 2.0 - 1 = 100%.
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I would start with the recorded round, answer aloud, then check the guidance. This workbook has 33 prompts and 20 worked answers. Open-ended stories and current-research prompts need your own answer.
Filter by round and topic in Excel. Hide the guidance, answer first, then check your work. Some prompts use a framework or a checklist rather than a worked answer. Those are labeled in the file.
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33 prompts: 20 worked answers, 6 frameworks, 0 current-research checklists and 7 behavioral prompts. Round labels are preserved where recorded, not a promise about your process.
IRR = 100%. With one year, IRR = MOIC - 1 = 2.0 - 1 = 100%.
Independent interview practice, not official firm material. No per-question interview year is claimed.