NO.PZ2024101802000017
问题如下：
Discuss how the benefits of tax deferral can be overcome by finding mispriced investment opportunitie
选项：
解释：
The benefits of tax deferral can be overwhelmed if investments taxed on an accrual basis offer sufficiently high risk-adjusted returns. That is, purchasing securities sufficiently below their intrinsic value (or short selling securities sufficiently above intrinsic value) can overcome tax drag even if the investment is taxed heavily on an annual basis.
请问这个考点需要背诵记忆吗？感觉比较灵活
