李老师在总复习“Reading 41 Private Equity Valuation 01” 讲到deal by deal 每笔单独结算，第二笔亏了不影响其他deal拿 carried interest。
但是课后题An private equity fund now exits from its first three projects after a three-year period. As the provision designed, LP will pay the 20% carried interest to GP using the deal-by-deal method with a zero hurdle rate, a clawback provision and true-up every three years. Based on below investment results, the cumulative dollar amount the GP receives by the end of the three years is equal to:
选项：
A.
$1.7 million
B.
$3.4 million
C.
$0.0 million
解释：
B is correct.
是因为这句话“a clawback provision and true-up every three years”使得deal by deal 需要当成一个总体来看吗，还请老师讲解下问法。
如果问题是：deal by deal method with zero hurdle rate 就是每笔单独看，亏了也不算数。
如果是 deal by deal method with clawback provision 就是亏了的也算进carried int对吗？
