[原创] 问几道CFA1的题目，看了答案迷茫中 following, financing, standards, investment, 原创

xiaoge

 

1-   Assume that on January 1, 2001, a 10 year old firm with no GIPS compliant performance history wishes to claim compliance with GIPS, how many years is the minimum year requirement should the firm to claim to claim compliance with the standards?

   

4-  A real estate investment with the following characteristics. Purchase price=2.5million, down payment is $ 500000, financing at 10%, with 20 annual end year payments, gross annual rents are $ 300000, depreciation is $ 600000/year, maintenance and taxes are $ 35000/year, tax rate=35%, find the first year after tax cash flow of real estate investment?

 

thanks guys

[此贴子已经被作者于2010-5-30 13:03:45编辑过]

iamnelson1012

1、忘记了

2、no, he does not violate the standards or law.

3、capital budgeting的问题，invest 2&3

4、算一个net operating income, add back dep就可以了

xiaoge

第3,4能写出步骤么

sunday55

第3题不用步骤吧？ 要选NPV高的，然后预算只有2000， 所以选2，3， 加起来预算1800，没超过2000。

选3，4就超过了

注金证

QUOTE:

以下是引用xiaoge在2010-5-29 21:29:00的发言：
 

1-   Assume that on January 1, 2001, a 10 year old firm with no GIPS compliant performance history wishes to claim compliance with GIPS, how many years is the minimum year requirement should the firm to claim to claim compliance with the standards?

 

2-   A cfa charter holder has his own religion, He was arrested for several religious activities he took part in . Does he violate CFA institute standards regarding Misconduct? And Knowledge of law?

 

3-  A firm has capital $ 2000 to invest. Project 1 and 2 needs $ 500, project 3. 4 needs $ 1300.

project 1, NPV=500, project 2, NPV=800.  project 3, NPV=1500, project 4., NPV=1100

Should the firm investment which of the following projects?

 

 

 

4-  A real estate investment with the following characteristics. Purchase price=2.5million, down payment is $ 500000, financing at 10%, with 20 annual end year payments, gross annual rents are $ 300000, depreciation is $ 600000/year, maintenance and taxes are $ 35000/year, tax rate=35%, find the first year after tax cash flow of real estate investment?

 

thanks guys

 

1, 5yrs

2. NO

3, project 2 & 3

 

4 比较麻烦

xiaoge

第一题谁能给确认一下

batman119

 4-  A real estate investment with the following characteristics. Purchase price=2.5million, down payment is $ 500000, financing at 10%, with 20 annual end year payments, gross annual rents are $ 300000, depreciation is $ 600000/year, maintenance and taxes are $ 35000/year, tax rate=35%, find the first year after tax cash flow of real estate investment?

depreciation =60,000?

1.N=20 I/Y=10 PV=2,000,000 FV=0 CPT= PMT (234,919) it is the annual payment
2. Interest expense: (2.5m-0.5m)*10%= 200,000
3. Principal payment = 234,919-200,000=34,919
4 .First year after tax CF= {300,000  -200,000- 60,000 - 35000} *(1-35%) -34919 +60,000=28331

First year after tax CF=(Gross annual rents-interest payment-dep.- main. and tax )*(1 -t.r) - principal payment +dep.