Breaking the Mental Buck

Should money funds be allowed to continue to price their shares by “buck” accounting, whereby the price of each share is fixed at one dollar? Or should they be compelled to price them by “mark-to-market” accounting, common to all other mutual funds, whereby changes in the market value of shares move their prices higher or [...]
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Published on June 20, 2011 05:53
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Meir Statman's Blog

Meir Statman
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