- 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
Investment value of a property ______ its market value.
B. is always lower than.
C. could be higher or lower than.
A. is always higher than.
B. is always lower than.
C. could be higher or lower than.
Correct Answer: C
It depends on the particular investor's situation (motivations, portfolio, risk tolerance, tax circumstances, etc.)
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