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The Bigco pension plan has invested in dozens of VC funds. The director of the pension plan is preparing his annual report to the Bigco board of directors. Summary information for Bigco's VC portfolio is given in Exhibit 3-9 in our textbook on page 62. Prepare a 5 year report on net returns and gross returns by year, plus the compound returns and annualized returns for all 5 years. You can assume that all new investments and management fees were paid for at the beginning of the year, and all distributions were paid at the end of the year.

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