- 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
Which statement is false?
A. Public equity markets are much larger than private equity markets.
B. Public equity securities are more liquid than private equity securities.
C. Public equity funds are more likely to challenge the way businesses are run and improve the operations of these businesses.
Explanation: Management in a private company is more likely to adopt a long-term focus.
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