Why should I choose AnalystNotes?

AnalystNotes specializes in helping candidates pass. Period.

Find out more

Basic Question 16 of 20

True or False? Agency costs cannot explain the existence of closed-end investment fund discounts.
Check Answer Previous Q Next Q Print

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.
You need to log in first to add your comment.
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

describe market anomalies

CFA® 2024 Level I Curriculum, Volume 3, Module 3.