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标题: Reading 19: Low-basis Stock-LOS c [打印本页]

作者: tycoon    时间: 2008-9-17 15:11     标题: [2008] Session 4-Reading 19: Low-basis Stock-LOS c

CFA Institute Area 3-5, 7, 12, 14-18: Portfolio Management
Session 4: Private Wealth Management
Reading 19: Low-basis Stock
LOS c: Explain individual investors' attitudes toward holding their own company stock during the entrepreneurial, executive, and investor stages.


作者: tycoon    时间: 2008-9-17 15:12

If we define an investors equity holding cycle as a series of stages, in each stage the common factors that impede diversification are:

A)
taxes and emotions.
B)taxes and liquidity.
C)liquidity and emotions.
D)valuation and emotions.


Answer and Explanation

If we define an investors equity holding cycle as a series of stages, in each stage the common factors that impede diversification are taxes and emotions.






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