| 答案和详解如下: Q1. If we define an investor’s equity holding cycle as a series of stages, in each stage the common factors that impede diversification are:  A)   liquidity and emotions. B)   taxes and emotions. C)   taxes and liquidity. Correct answer is B)           If we define an investor’s equity holding cycle as a series of stages, in each stage the common factors that impede diversification are taxes and emotions. |