CFA Practice Question

There are 195 practice questions for this study session.

CFA Practice Question

In the formula used by the NCREIF Property Index, Return = (NOI - Capital expenditures + Ending market value - Beginning market value)/ Beginning market value, which values/measures are based on the appraisals of the properties?

I. NOI.
II. Capital expenditures.
III. Ending market value.
IV. Beginning market value.
Correct Answer: III and IV

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