摘要: Analyzes valuing tax-exempt bond transactions in real estate financing. Use of traditional discounted cash flow (DCF) model; Importance of the appraiser understanding the intrinsic value of tax-exempt financing.年份: 1997 收藏 引用 批量引用 报错 分享 全部来源 求助全文 ProQuest EBSCO ...
Discounted cash flow: DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.Neutral Return on Assets: ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.Neutral ...
We contrast this with an alternative assumption that leads to the Sick (1990) result that these should be discounted at the riskless rate. These two approaches represent polar cases. Each generates its results by using a different simplifying assumption, and we explain what determines the correct ...
Yield to maturity: This is an annualized figure that factors in a bond’s current market price, the coupon and the capital gain or loss that the investor would take if they were to hold the bond to maturity, because of the premium or discounted price they would pay. ...
Discounted cash flow: DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.Underperform Return on Assets: ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.Outperform...
Tax-adjusted discount ratesStandard models on firm valuation regard a simplified default setting, often not revealing relevant implicit assumptions. In this ... Krause,M Volker,Lahmann,... 被引量: 0发表: 0年 The Effects of Personal Taxes and Default Risk on Bond Duration Using the structural ...
The yield on the 10-year Treasury isexhaustedafter its epic run to nearly 1.2%. It’s due for a breather. Anyone who buys the long bond today can still “lock in” a 1.1% yield. But remember, this bounty won’t escape the tax man. Any interest income we earn from Treasuries—no ...
That said, don’t assume that a bond isn’t taxable just because it’s a muni. There are some exceptions to munis’ tax-free status. A “de minimis” tax can apply if you purchased the bond(s) at a discount of less than 0.25%. Interest and gains derived from the discounted amount...
Calculate the discounted payback period for the following after-tax cash flows, assuming a discount rate of 14%. Calculate the (NPV) net present value with a required return of 5%, an initial investment of $45,000 and cash flows of $9,000, ...
Answer to: Calculate the aftertax cash flows for the first year for each bond. By signing up, you'll get thousands of step-by-step solutions to...