1.An ownership perspective can be important for an analyst determining the value of a share position. A block of shares that is very large in relation to the daily trading volume should receive a: A) discount for lack of liquidity. B) premium for block-size. C) a brokerage discount for volume. D) a premium for economy of scale. The correct answer was A) A share position that is very large in relation to the daily trading volume of the shares should be subject to a discount for lack of liquidity as it may take additional time to liquidate the position. 2.An ownership perspective can be important for an analyst determining the value of a share position. A discount for lack of marketability would most likely be assigned to a position of shares in which of the following? A) A very large publicly traded firm. B) An estate or trust account. C) A bankrupt firm. D) A non-publicly traded firm. The correct answer was D) A share position in a non-publicly traded firm would be assigned a discount because it may require a lengthy search to locate willing and able buyers, and they may be only willing to purchase it at a discount. 3.An ownership perspective can be important for an analyst determining the value of a share position. A block of shares that is large enough to direct the future actions of the firm should receive a: A) premium for block-size. B) premium for control. C) a discount for management responsibilities. D) a discount for size. The correct answer was B) A share position that is large enough to direct the future actions of a firm should receive a premium for control. | 
发表于 2008-4-14 13:19
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