以下是引用wzaina在2009-3-5 9:50:00的发言:
LOS g: State the determinants of the value of a closed-end country fund.
Q1. Closed-end country funds trading in U.S. markets have been known to be affected by:
A) strong correlations to U.S. markets, thus providing for less diversification benefits than expected.
B) weak correlations to U.S. markets, thus providing for more diversification benefits than expected.
C) strong correlations to U.S. markets, thus providing for more diversification benefits than expected.
Q2. The market price of closed-end country funds (or its Net Asset Value) are NOT generally determined by:
A) supply and demand for the fund’s shares.
B) fundamental value of the fund’s underlying shares.
C) the country’s absolute purchasing power parity.
Q3. Which of the following is a determinant of value for a closed-end country fund? The level of:
A) local taxes imposed by the country government.
B) foreign investment restrictions imposed by the country government.
C) real interest rates in the country.
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