文档详情

CFA考试资料答案R39 Private Real Estate Investments - Answers.pdf

发布：2020-12-26约18.02万字共30页下载文档

文本预览下载声明

Patel, Sung and Wynn (PSW) is a private real estate company that buys, develops, manages and sells commercial real estate properties for its clients. PSW is considering buying the Monroe oce building in the downtown section of Potus City. Adams, Jeerson and Madison are other oce buildings that are similar properties also located in downtown. The following information was gathered by PSW analysts. Potus City Economic Outlook: The economy is expected to rebound after a recent recessionary period. Economic expansion is expected to last at least the next ve years. Projected economic factors for next ve years: Job Growth Moderate to High 7 3 2 Population Growth Moderate 1 q i Ination Low s u m The job growth is expected to lead to an inux of young professionals to downtown. This will : t

显示全部

相似文档

CFA考试资料答案R40 Publicly Traded Real Estate Securities - Answers.pdf Question #1 of 18 Question ID: 1210687 The rate of population growth is most likely to be a top driver of economic value for a(n): A) oce REIT. B) storage REIT. C) retail REIT. Explanation
2020-12-28 约4.87万字 8页立即下载
CFA考试资料答案R13 Intercorporate Investments - Answers.pdf Global Life Insurance (GLI) holds a wide range of assets in a range of dierent portfolios across its various divisions. Some of these assets are held long term to meet future liabilities, whereas others are held short term to make prots and meet shorter term liquidity needs. GLI set up a small
2020-12-27 约30.31万字 46页立即下载
CFA考试资料答案R31 Private Company Valuation - Answers.pdf Question #1 of 48 Question ID: 1210166 An analyst is valuing a private rm on the behalf of a strategic buyer and deates the average public company multiple by 15% to account for the higher risk of the private rm. Given the following
2020-12-25 约17.19万字 29页立即下载
CFA考试资料答案R41 Private Equity Valuation - Answers.pdf Question #1 of 54 Question ID: 1210695 The Jeerson Group is a large private equity rm managing a multi-billion dollar portfolio. Which of the following is the least likely source of value-added the Jeerson Group would provide to its p
2020-12-26 约21.47万字 34页立即下载
CFA考试资料答案R02.8 Standard V - Answers.pdf Question #1 of 61 Question ID: 1212396 An analyst receives a research report from a colleague. The colleagues report has an elaborate table with performance data on publicly traded stocks. The colleague says the data in the table
2020-12-25 约22.2万字 32页立即下载
CFA考试资料答案R46 Economics and Investment Markets - Answers.pdf Question #1 of 26 Question ID: 1210838 Which of the following assets provides a most eective hedge against bad consumption outcomes? A) Equity B) Risk-free bonds. C) Real estate Explanation
2020-12-25 约6.4万字 11页立即下载
CFA考试资料答案R38 Valuation of Contingent Claims - Answers.pdf Question #1 of 109 Question ID: 1210549 Bob Dilla, CFA makes the following statement about call options: Call options on stock can be thought of as leveraged stock investment where N(d ) units of stock
2020-12-24 约36.08万字 60页立即下载
CFA考试资料答案R36 Credit Default Swaps - Answers.pdf Question #1 of 12 Question ID: 1210422 Credit default swap (CDS) xed payments are most likely to: A) be set at 1% for investment-grade debt and 5% for high-yield debt. B) be made by the protection seller to the protection buyer . C)
2020-12-27 约3.68万字 6页立即下载
CFA考试资料答案R30 Residual Income Valuation - Answers.pdf Question #1 of 66 Question ID: 1210107 An investor is considering the purchase of Microscopics, which has a price to book value (P/B) ratio of 4.00. Return on equity (ROE) is expected to be 12%, current book value per share is $12.00, and
2020-12-26 约19.89万字 31页立即下载
CFA考试资料答案R25 Return Concepts - Answers.pdf Question #1 of 37 Question ID: 1209577 Currently the market index stands at 1,190.45. Firms in the index are expected to pay cumulative dividends of 35.71 over the coming year. The consensus 5-year earnings growth forecast for th
2020-12-24 约11.54万字 18页立即下载
CFA考试资料答案R23 Mergers and Acquisitions - Answers.pdf Question #1 of 102 Question ID: 1209477 Froogal Inc. operates in an industry where the current Herndahl-Hirschman Index (HHI) is at 1,500. The company is considering merging with a competitor that would increase the HHI by 75.
2020-12-26 约30.72万字 47页立即下载
CFA考试资料答案R28 Free Cash Flow Valuation - Answers.pdf Question #1 of 144 Question ID: 1209771 Valuation with free cash ow to equity and free cash ow to the rm: A) both use the cost of equity. B) use dierent discount rates. C) both use the after-tax cost of debt. Explanation
2020-12-26 约44.03万字 62页立即下载
CFA考试资料答案R27 Discounted Dividend Valuation - Answers.pdf Question #1 of 133 Question ID: 1209643 Which of the following is least likely a limitation of the two-stage dividend discount model (DDM)? A) the length of the high-growth stage is dicult to measure. B) most of the value is due t
2020-12-25 约40.51万字 65页立即下载
CFA考试资料答案R20 Capital Structure - Answers.pdf Question #1 of 67 Question ID: 1209337 Steve Cooley, the Chief Financial Ocer for Canberra Corporation, decides that he wants to use as much debt as possible in his rms capital structure. Cooley knows that to use more debt, he
2020-12-25 约23.41万字 35页立即下载
CFA考试资料答案R19 Capital Budgeting - Answers.pdf Question #1 of 62 Question ID: 1209261 Wanda Brunner, CFA, is working on a capital project valuation and needs to determine the appropriate discount rate. She has the following information available: Risk-free-rate = 8%
2020-12-27 约24.81万字 38页立即下载