GameStop fair value dilemma

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. By how much did GameStop's share price increase between December 2020 and 29 January 2021?

  2. For what reason did small investors wage the GameStop campaign?

  3. What is the inherent risk in any open-ended investment fund?

  4. Which of the following words or phrases used in the definition of fair value does not need re-examining?

  5. What do investment fund boards need to consider urgently?

  6. What do investment fund boards need to understand?

  7. Why might funds face a challenge from long-term investors?

  8. What would valuation at last price available for an orderly market typically entail?

  9. How would a fund work out the last point at which the market was functioning in an orderly way?

  10. Why might using a 'side pocket' be helpful in this instance?