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Basic Question 10 of 11
Some hedge funds have two NAVs. Which NAV incorporates liquidity discounts?
B. net NAV.
C. trading NAV.
A. reporting NAV.
B. net NAV.
C. trading NAV.
User Contributed Comments 2
| User | Comment |
|---|---|
| Inaganti6 | How do they arrive at a consensus of what the liquidity discount should be ? |
| khalifa92 | bid:ask spread ? |
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Learning Outcome Statements
describe the performance appraisal of alternative investments
CFA® 2025 Level I Curriculum, Volume 5, Module 2.