- CFA Exams
- CFA Level I Exam
- Study Session 13. Equity Investments (2)
- Reading 39. Overview of Equity Securities
- Subject 3. Private versus Public Equity Securities
CFA Practice Question
A private investment in public equity allows a private investor to buy shares at a price that is usually ______ the publicly quoted market price.
A. higher than
B. equal to
C. lower than
Explanation: This is one of the primary incentives for the private investor.
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