most likely characterized by less:

due diligence from an investor is:

A. fund investing.

B. co-investing.

C. direct investing.

one that uses: (Mock 2018)

A. the average of the bid and ask prices.

B. bid prices for longs and ask prices for shorts.

C. the most recent market prices.

A. accurately described by the generic term “private equity.”

B. a source of diversification benefits from both debt and equity.

C. predisposed to invest in both the debt and equity of a client’s firm.

A. are typically structured as partnerships.

B. assess management fees based on assets under management.

C. do not earn an incentive fee until the initial investment is repaid.

commodities because:（2013 Mock AM）

A. assets are not marked to market.

B. data are subject to survivorship bias.

C. indices are constructed using futures contracts.

A. commodity price-driven returns.

B. inherent rigidity of production for output.

C. value as an offset to other human activities.

A. A digital asset can represent only virtual assets, a value, or a use right/service .

B. Digital assets have a varied set of features and applications that touch a range of regulatory

domains.

C. Depending on its design, function, and use, a digital asset may be characterized differently,

including as a commodity, swap, or other derivative

A. large amounts.

B. illiquid assets.

C. a short time horizon.

A. If mortgage defaults and losses are high, all tranches bear the cost of the shortfall on pro rata

basis.

B. When rates rise, property owner prepayments can also slow, lengthening the duration of most

MBS tranches and contributing to further price weakness.

C. An MBS issuer forms a special purpose vehicle (SPV) to buy mortgages from lenders and other

mortgage owners and use them to create a diversified mortgage pool.

of management fees. The fund will sell a holding for a profit of 9%. The hurdle rate is

specified as 8%. The provision that would result in an incentive fee of 1 % is:

A. a hard hurdle rate.

B. a soft hurdle rate.

C. a catch-up provision.