Which real estate valuation approach is most likely to require specific information about an investor to estimate the value of a property?
A. Incomeapproach
B. Salescomparisonapproach
C. Discountedafter-taxcashflowapproach
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Which of the following statements about the effects of interest rate volatility on value of bonds with embedded options is least accurate?
Asyieldvolatilityincreases,thevalueofaputablebondncreases.
B. Aputablebondsvalueisitsstraightbondvalueplusthevalueoftheembeddedputoption.
C. Acallablebondsvalueisitsstraightbondvalueplusthevalueoftheembeddedcalloption.
In securities exchange markets, a member who executes stop loss or stop buy orders when the specified price occurs is most likely a:
A. Floorbroker
B. Marketmaker
C. Registeredtrader
A corporation has an issue of preferred stock outstanding. The stock pays an annual dividend of $2.25 and is priced at $38 per share. What is the cost of preferred stock in the companys capital struct
A. 2.25%.
B. 16.89%.
C. 5.92%.
A bond is selling at a premium relative to its par value. Which of the following relationships holds?
A. Yieldtomaturity>couponrate>currentyield.
B. Currentyield>yieldtomaturity>couponyield.
Couponrate>currentyield>yieldtomaturity.