Chapter 9 Measuring Investment Performance.pptVIP

Chapter 9 Measuring Investment Performance Contents 9.1 Traditional Measures of Investment Worth (rule of thumb) 9.2 Traditional Appraisal Methods 9.3 Discounted Cash-flow Analysis 9.4 Risk Analysis 9.5 Case Study 9.1、Traditional measures  of investment worth 传统经验法 Typical operating statement Potential gross income less: allowance for vacancies and rent loss plus: Other income (parking) Effective gross income less: Operating Expenses Net operating income Net operating income less: Debt service Before Tax Income less: Income Tax liability After Tax Income First