- 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
Higher market capitalization rates and therefore lower property values tend to be brought about by:
II. unanticipated increase in interest rates.
I. unanticipated increase in the supply of real estate relative to demand.
II. unanticipated increase in interest rates.
Correct Answer: I and II
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