题目 Which of the following relates to a benefit when owning real estate directly? 选项 A.Taxes B.Capital requirements C.Portfolio concentration 答案 A 解析 A is correct. When owning real [...]
题目 Which is not true of mark-to-model valuations? 选项 A.Return volatility may be understated. B.Returns may be smooth and overstated. C.A calibrated model will produce a reliable liquidation [...]
题目 Angel investing capital is typically provided in which stage of financing? 选项 A.Later-stage. B.Formative-stage. C.Mezzanine-stage. 答案 B 解析 B is correct. Formative-stage financing [...]
题目 Which of the following statements about commodity investing is invalid? 选项 A.Few commodity investors trade actual physical commodities. B.Commodity producers and consumers both hedge and [...]
题目 Hedge fund losses are most likely to be magnified by a: 选项 A.margin call. B.lockup period. C.redemption notice period. 答案 A 解析 A is correct. Margin calls can magnify losses. To [...]
题目 Both event-driven and macro hedge fund strategies use: 选项 A.long–short positions. B.a top-down approach. C.long-term market cycles. 答案 A 解析 A is correct. Long–short positions [...]
题目 Until the committed capital is fully drawn down and invested, the management fee for a private equity fund is based on: 选项 A.invested capital. B.committed capital. C.assets under [...]
题目 A private equity fund desiring to realize an immediate and complete cash exit from a portfolio company is most likely to pursue a(n): 选项 A.IPO. B.trade sale. C.recapitalization. 答案 B [...]
题目 A characteristic of farmland strongly distinguishing it from timberland is its: 选项 A.commodity price-driven returns. B.inherent rigidity of production for output. C.value as an offset to [...]
题目 Which of the following is true regarding private equity performance calculations? 选项 A.The money multiple calculation relies on the amount and timing of cash flows. B.The IRR calculation [...]
