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Basic Question 4 of 6

Which statement is false?

A. While all closely held shares lack the liquidity that shares traded on a public exchange enjoy, their liquidity is influenced by the level of control.
B. Noncontrolling equity interests in private companies may sometimes be worth more than controlling equity interests.
C. DLOC and DLOM are often linked.

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

explain and evaluate the effects on private company valuations of discounts and premiums based on control and marketability;

CFA® 2025 Level II Curriculum, Volume 4, Module 25.