- CFA Exams
- CFA Level I Exam
- Study Session 15. Alternative Investments
- Reading 39. Private Real Estate Investments
- Subject 4. The income valuation approach
CFA Practice Question
Which value is likely to be the lowest for a property?
A. market value.
B. investment value.
C. mortgage lending value.
Explanation: It usually corresponds to approximately 85% of the market value.
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