- CFA Exams
- CFA Exam: Level I 2021
- Study Session 13. Equity Investments (2)
- Reading 39. Overview of Equity Securities
- Subject 3. Private versus Public Equity Securities
CFA Practice Question
Venture capital funds differ from investments in publicly held firms in that they are ______.
II. for newer firms with very little operating history
III. difficult to value
IV. for small firms in which the venture capital firm and the subject company have personal involvement
I. illiquid in the short term
II. for newer firms with very little operating history
III. difficult to value
IV. for small firms in which the venture capital firm and the subject company have personal involvement
Correct Answer: I, II, III and IV
User Contributed Comments 0
You need to log in first to add your comment.