CFA Practice Question

There are 191 practice questions for this study session.

CFA Practice Question

Venture capital funds differ from investments in publicly held firms in that they are ______.

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

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