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Basic Question 0 of 5
If the gross returns are the same for a small fund and a large fund, which one should have a higher net return, all other factors being equal?
B. The large fund
C. The net return should be the same.
A. The small fund
B. The large fund
C. The net return should be the same.
User Contributed Comments 3
| User | Comment |
|---|---|
| johntan1979 | And most large funds offer discounts for longer holds. |
| leuping | Johntan1979 is an absolute legend. |
| houstcarr | well if it can spread its fixed costs over a larger base... then not all other factors are equal. |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
calculate and interpret major return measures and describe their appropriate uses
CFA® 2026 Level I Curriculum, Volume 1, Module 1.