NO.PZ201909280100000807
问题如下：
7 Based on the forecasted environment, liquidity planning should take into account that general partners may:
选项：
A.
call capital at a slower pace.
B.
make distributions at a faster pace.
C.
exercise an option to extend the life of the fund.
解释：
C is correct.
Park notes that the current macroeconomic environment could lead to a bear market within a few years. Liquidity planning should take into account that under a scenario in which public equities and fixed-income investments are expected to perform poorly, general partners may exercise an option to extend the life of the fund.
这是原版书的一个结论：
这是实证研究的一个结论
主要是因为在熊市时大概率暂时是亏损，这个时候如果进行分配的话，岂不是啪啪打基金的脸，而且熊市的时候是危机，既是“危”又是“机”，所以能在熊市中活下来的资产大概率是好资产，而且去掉了泡沫，投资是正当时机，此时恰是最需要资金的时候，重新投资。而资产回归价值可能需要一段时间（即从熊市走到牛市的顶点），所以要延长投资期。
在基础班PPT第几页呢
