[求助] CFA level 2: LOS46.b, 关于Band-of-investment Method equity, interest, mortgage, property, 书

rioliang

我不太明白为什么
R=（mortgage weight*mortgage cost）+(equity weight*equity),而不是R=（mortgage weight*interest rate）+(equity weight*equity).

举个夸张点的例子，if a property is 100% financed with 1 year mortgage, interest rate on mortgage is 5%,那么根据书上的公式

R=（1*（5%+97.7%）=102.7%,这样的话，如果NOI=$1000,那么market value of the proper=1000/102.7%=$973??很夸张啊，不知道我的逻辑那里错了。