If a Portfolio Manager Had to Estimate the Fair Value

question 79

Multiple Choice

If a portfolio manager had to estimate the fair value of private equity funds invested in a young,privately-held start-up company,which of the following would he/she most likely identify as the level of inputs to determine this?

• A) Level 1.
• B) Level 2.
• C) Level 3.
• D) None of these.

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Definitions:

Implicit Memory

This form of memory allows for improved task execution by relying on past experiences, without the conscious perception of those experiences.

Proactive Interference

A phenomenon where old information hinders the recall or learning of new information.

Source Amnesia

The loss of memory regarding the specific context, including the place, time, or manner in which certain knowledge was gained, despite retaining the facts themselves.

Imagination Inflation

The increase in confidence that an imagined event actually occurred, due to the imagining of the event.