- 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 of the following represents the present value of expected net operating income beyond the holding period?
A. holding period value
B. future net operating income
C. reversion value
Explanation: Also referred to as terminal value.
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