Alternative Investments - Alternative Investments Section 2
- Option : A
- Explanation : The conservative and theoretically accurate approach is to use bid prices for long positions and ask prices for short positions. These are the prices at which the positions could be closed
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32. Which of the following is least likely a source of return for commodities related investments?
- Option : C
- Explanation : The three main sources of return for a commodities investment are collateral yield, roll yield or the convenience yield, and spot price return
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- Option : A
- Explanation : In REIT valuation, two common measures of income are funds from operations (AFO) and adjusted funds from operations (AFFO).
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- Option : C
- Explanation : The maximum value is simply EBITDA times the highest multiple: 100 million * 9 = 900 million
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- Option : A
- Explanation : Main sources of return for a commodities futures contract are collateral yield, roll yield (also called convenience yield), and spot price return
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