标题: 2008 CFA Level 1 － Sample 样题(1)－Q50 [打印本页]
作者: 8586 时间: 2008-5-19 16:18 标题: 2008 CFA Level 1 － Sample 样题(1)－Q50
50、A real estate investment has the following characteristics:
Annual rental income | $1,800,000 |
Annual operating expenses | $1,200,000 |
Available mortgage rate | 6% |
Financing percentage | 90% |
Required rate of return | 15% |
Estimated holding period | 5 years |
Investor's tax rate | 25% |
Based on the income approach, the value of the investment is closest to:
A. $4,000,000.
B. $5,455,000.
C. $6,133,000.
D. $8,696,000.
[此贴子已经被作者于2008-11-7 15:16:31编辑过]
作者: 8586 时间: 2008-5-19 16:19 标题: 答案和详解回复可见:
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
作者: cxz0858 时间: 2008-5-19 20:44
vb ,ytm ytm
作者: peter123 时间: 2008-5-24 22:46
[em02]
作者: samsam519 时间: 2008-5-27 03:05
[em02]
作者: ascendjiji 时间: 2008-5-29 01:18
[em02]
作者: Riverview 时间: 2008-5-30 08:13
thanks
作者: 刀剑如梦 时间: 2008-5-31 13:48
谢谢
作者: gening 时间: 2008-6-1 05:45 标题: thanks!
thanks!
作者: isaisaisa 时间: 2008-6-2 20:33
a
作者: oleander 时间: 2008-6-3 03:54
dont know
作者: clover 时间: 2008-6-5 16:28
a
作者: tannyyu 时间: 2008-6-6 14:28
sddff
作者: kevinchan0 时间: 2008-6-6 23:12
thx
作者: lucylu 时间: 2008-8-1 14:53
thanks
作者: zhuce 时间: 2008-9-19 03:33
thanks
作者: 小candy 时间: 2008-9-26 16:03
thx
作者: AtTRV2008 时间: 2008-10-3 00:03
Thanks!
作者: elea0930 时间: 2008-10-4 00:39
c
作者: YJHZM 时间: 2008-10-9 22:39
c
作者: xelloss711 时间: 2008-10-10 08:01
thanks~
作者: stanleymyc 时间: 2008-10-11 21:29
ding
作者: myguitar33 时间: 2008-10-20 12:52
good
作者: slkly 时间: 2008-11-14 10:47
[em01][em02][em03]
作者: aleko953 时间: 2008-11-23 19:11
1
作者: aleko953 时间: 2008-11-23 20:07
a
作者: shaoheli 时间: 2008-11-25 01:14
看看
作者: cuckoozj 时间: 2008-12-1 06:40 标题: 回复：（8586）2008 CFA Level 1 － Sample 样题(1)－...
yes
作者: jzhang21 时间: 2008-12-3 08:25
xie xie
作者: diangdiang 时间: 2008-12-4 12:48
b
作者: snowchild30 时间: 2009-5-6 18:47
好
作者: kidd 时间: 2009-5-7 00:33
cat
作者: percy 时间: 2009-5-7 09:12
3
作者: CFAcanada 时间: 2010-2-7 08:15
tx
作者: xxjj564 时间: 2011-3-4 09:33
a
| 欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) |
Powered by Discuz! 7.2 |