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Basic Question 3 of 4

Taxes are an important investment constraint for ______.

A. individuals
B. banks
C. endowments

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Edward Liu

Edward Liu

Learning Outcome Statements

describe the investment constraints of liquidity, time horizon, tax concerns, legal and regulatory factors, and unique circumstances and their implications for the choice of portfolio assets

CFA® 2025 Level I Curriculum, Volume 6, Module 4.