CFA Level 1 Exam
Question No. 1
Jerry Paris, CFA, manages a high yield bond fund. 20% of Paris' portfolio is invested in distressed securities. A colleague commented that investing in distressed securities is analogous to venture capital investing. Which of the following statements concerning distressed securities and venture capital is least likely to be true? An investment in distressed securities is similar to an investment in venture capital because both:
Choose the correct option from the given list.
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