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 was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe market anomalies

CFA® 2025 Level I Curriculum, Volume 3, Module 3.