Question

While the general concepts of investment value and market value are very similar, there is an important distinction between the two. All of the following statements regarding investment value are true EXCEPT:
A. Investment value is based on the expectations of a typical, or average, investor.
B. Investment value is a function of estimated cash flows from annual operations
C. Investment value takes into consideration estimated proceeds from the sale of the property D. Investment value applies a discount rate to future cash flows.

Answer

This answer is hidden. It contains 1 characters.