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Read the two requests
An original teaching prompt supplies paid-in 100, distributions 40 and residual value 110 on one compatible basis. It asks: calculate TVPI, then explain whether total value 150 means 150 has been returned as cash.
Answer the first part
TVPI=(40+110)/100=1.5×. Include the unit label as a multiple. The result uses the stated common paid-in base rather than a separate commitment figure.
Answer the second part
The record shows 40 distributed and 110 remaining as residual value. Total entered value 150 does not establish a cash receipt of 150. A future realization would need another transaction record.
| Requested part | Supported answer |
|---|---|
| Calculate TVPI | 1.5× on the stated compatible basis |
| Interpret 150 | 40 distributed plus 110 residual, not all cash returned |
Inspect why a long answer can still miss the task
A broad description of alternative investments would not replace either requested answer. A response containing only 1.5× would omit the cash interpretation. Review completeness against the prompt rather than only its length.