Correct answer = A
"Alternative Investments," Bruno Solnik and Dennis McLeavey
2008 Modular Level I, Vol. 6, pp. 193-194
Study Session 18-76-f
calculate the net operating income (NOI) from a real estate investment, the value of a property using the sales comparison and income approaches, and the after-tax cash flows, net present value, and the yield of a real estate investment
Using the income approach: ($1,800,000 - $1,200,000) / 0.15 = $4,000,000
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发表于 2008-5-29 01:18
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