A Typical Venture Capital Fund May Generate Annual Returns of

A typical venture capital fund may generate annual returns of

A) 15 to 25 percent on the money that it invests, compared with an average annual return for the S&P 500 of almost 12 percent.
B) 12 percent on the money that it invests, compared with an average annual return for the S&P 500 of about 20 percent.
C) 12 percent on the money that it invests, compared with an average annual return for the S&P 500 of about 25 percent.
D) None of the above