shirley
2022-04-17 17:04C is incorrect because the discount rate over finite horizons (not long-run horizons) needs to include the anticipated rate of change in the cap rate. For long-run expected return calculations, theanticipated rate of change in the cap rate is not included。請問為什么有這樣的區(qū)別?應該怎么理解這個區(qū)別
所屬:CFA Level III > Capital Market Expectations 視頻位置 相關試題
來源: 視頻位置 相關試題
1個回答
Nicholas助教
2022-04-18 16:39
該回答已被題主采納
同學,下午好。
房地產(chǎn)的要求回報率=Cap rate +NOI growth rate -%Cap rate
長期來看由于房產(chǎn)估值所帶來的資本利得的收益不可持續(xù),為0。且NOI growth rate趨近于GDP growth。
努力的你請【點贊】喲~。加油,祝你順利通過考試~
