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1. (TCO A) What is the cause of a shift in a good'...




1. (TCO A) What is the cause of a shift in a good's supply curve? (Points : 20) 2. (TCOs A, B, C) Based on the following data, estimate net operating income. Show your work in good form. Two-bedroom units rent for $600 per month (total of 40 units) One-bedroom units rent for $450 per month (total of 20 units) Vacancy and uncollectible rent losses typically amount to six percent of potential gross rent. Operating expenses average approximately 45 percent of potential gross income. (Points : 30) 3. (TCOs C, D) What determines whether a mortgage loan is termed junior or senior? (Points : 20) 4. (TCO D) Discuss the advantages of a tax-free exchange, and the major qualifications of this treatment. (Points : 20) 5. (TCO E) Describe the problem of multiple solutions associated with the internal rate of return computation. (Points : 20) 6. (TCO E) Describe the reinvestment rate problem associated with comparing projects using the internal rate of return. (Points : 20) 7. (TCO E) What discounted cash flow approach works best when investors are faced with mutually dependent opportunities? Explain. (Points : 20) 1. (TCOs F, G) What are the relative advantages and disadvantages of the certainty equivalent technique of adjusting for risk? (Points : 20) 2. (TCOs F, G) What is a risk-reward indifference curve, and what gives it its characteristic shape? (Points : 20) 3. (TCO H) Discuss some of the major issues involved in the development process. Explain issues such as refinancing, feasibility studies, regulatory concerns, etc. (Points : 30)


Paper#2654 | Written in 18-Jul-2015

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