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发表于 2008-5-19 16:20
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答案和详解回复可见:
Correct answer = D
"Alternative Investments," Bruno Solnik and Dennis McLeavey
2008 Modular Level I, Vol. 6, pp. 190-195
Study Session 18-76-e
describe the various approaches to the valuation of real estate
Because the after-tax cash flow approach requires specific information about the investor's marginal tax rate, the value of the property to an investor depends on the investor's marginal tax rate.
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