题目 Until the committed capital is fully drawn down and invested, the management fee for a private equity fund is based on: 选项 A.invested capital. B.committed capital. C.assets under [...]
题目 A private equity fund desiring to realize an immediate and complete cash exit from a portfolio company is most likely to pursue a(n): 选项 A.IPO. B.trade sale. C.recapitalization. 答案 B [...]
题目 A characteristic of farmland strongly distinguishing it from timberland is its: 选项 A.commodity price-driven returns. B.inherent rigidity of production for output. C.value as an offset to [...]
题目 Which of the following is true regarding private equity performance calculations? 选项 A.The money multiple calculation relies on the amount and timing of cash flows. B.The IRR calculation [...]
题目 Private equity funds are most likely to use: 选项 A.merger arbitrage strategies. B.leveraged buyouts. C.market-neutral strategies. 答案 B 解析 B is correct. The majority of private [...]
题目 Which of the following statements is true for REITs? 选项 A.According to GAAP, equity REITs are exempt from reporting earnings per share. B.Though equity REIT correlations with other asset [...]
题目 In comparison to other alternative investment approaches, co-investing is most likely: 选项 A.more expensive. B.subject to adverse selection bias. C.the most flexible approach for the [...]
题目 The majority of real estate property may be classified as either: 选项 A.debt or equity. B.commercial or residential. C.direct ownership or indirect ownership. 答案 B 解析 B is correct. [...]
题目 With regard to capital allocation, an appropriate estimate of the incremental cash flows from an investment is least likely to include: 选项 A.externalities. B.interest costs. C.opportunity [...]