我正在为我的公司达成GP交易，在这笔交易中，首选收益是每季度支付的，但后来基于季度股权余额，而不是年度余额的开始，使年度PERF回报降低。
Is it more common to see preferred return based on a start of the year balance so that the full year is getting the 8-10% or on a quarterly basis, which lowers the real pref return below the 8-10%?
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