标题: IRR on investment exit (alternative asset valuation) [打印本页]

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作者: HuskyGrad2010    时间: 2011-7-11 19:20     标题: IRR on investment exit (alternative asset valuation)

CFA CURRICULUM VOL 5, PG 66 EXAMPLE 2

This example tells IRR on company A is 6.1%. How?? I thought it is 12.5% (=5/40).

comments?

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作者: 5566    时间: 2011-7-11 19:20

IRR from calculator

PV = -40 (original investment)
FV = 45 (profit + original investment)
N = 2
PMT = 0
CPT I/Y

6.07%

since 6.07 < 8 (hurdle rate) then no carried interest is paid

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作者: economicz    时间: 2011-7-11 19:20

thanks omar

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