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Basic Question 4 of 11
The most conservative approach to value highly illiquid alternative investments in a hedge fund is to use ______. A. the very last traded price
B. an average of bid and ask
C. bid price for longs and ask price for shorts
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe the performance appraisal of alternative investments
CFA® 2025 Level I Curriculum, Volume 5, Module 2.