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Basic Question 16 of 20

True or False? Agency costs cannot explain the existence of closed-end investment fund discounts.
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User Contributed Comments 1

User Comment
johntan1979 Summary of the notes on the discount for closed-end funds:

Some explanations have merits, but all fail to explain half of the variations.
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Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

describe market anomalies

CFA® 2025 Level I Curriculum, Volume 3, Module 3.