Refm - Study guides, Class notes & Summaries

REFM FINAL Question and answers rated A+ 2024/2025 REFM FINAL Equity returns are always split at a set percentage regardless of the performance of the investment. - correct answer False Waterfall structures put explicit mechanisms in place to alter the percentages of profit splits on a sliding scale based on the investment's performance. Using a traditional Internal Rate of Return hurdle-based waterfall, the share of profits ____ for the Sponsor at successively higher IRR threshol...

REFM Question and answers correctly solved 2024/2025 REFM HLOOKUP() - correct answer =HLOOKUP(lookup_value, table_array, row_index_number, [range_lookup]) VLOOKUP() - correct answer =VLOOKUP(lookup_value, table_array, col_index_num, range_lookup) COUNTIFS() - correct answer =COUNTIFS(criteria_range1, criteria1, criteria_range2, criteria2) INDEX(MATCH()) - correct answer =INDEX(array, MATCH(lookup_value, lookup_array, match_type)) SUMPRODUCT() - correct answer =SUMPRODUC...

REFM Question and answers already passed 2024/2025 REFM - Model Test Blue Font Color - correct answer All hard-coded (i.e. manually entered) numbers; used for historical financial data and also for many input cells in the "Assumptions" part of models Black Font Color - correct answer All formulas; also used for formulas that include links to other worksheets or workbooks, but which are not direct links (i.e. if you're adding two numbers that are both from other spreadsheets) ...

REFM Prerequisite III Question and answers verified to pass 2024/2025 REFM Prerequisite III (what is) amortization - correct answer the repayment schedule for the mortgage loan principal what does principal mean - correct answer the capital amount borrowed another term for interest-only loan - correct answer zero-amortization (bullet) loan how does an interest-only loan work? - correct answer interest is paid on the outstanding principal until the time of the final monthly p...

REFM Prerequisite II Question and answers verified to pass 2024/2025 REFM Prerequisite II internal rate of return - correct answer the annual rate of return that generates a NPV of zero for a stream of expected (or actual) cash flows; the present value of the expected income exactly equals the present value of the investment what's another way of stating the IRR? - correct answer the "break-even rate" What does the IRR tell you with regard to discounting? - correct answer...

REFM CH 3 and 4 CH 3 Questions with complete solution 2024/2025 REFM CH 3 and 4 CH 3: International Real Estate Investing CH 4: The Fundamentals of Commercial Leases Scarcity of information Lack of liquidity - correct answer Most non-U.S. property markets are not "markets" in any meaningful sense of the word because of what? 1. The players lack the same savvy as U.S. operators 2.The major international markets experience capital supply shortages more so than those in the U.S. 3...

English VI sims 4D REFM Question and answers already passed 2024/2025 English VI sims 4D REFM Sapere - correct answer to be wise sapient - correct answer wise sage - correct answer person, usually elderly, who is honored for wisdom and experience Nosco - correct answer to get to know cognition - correct answer the act of knowing cognizant - correct answer aware connoisseur - correct answer an expert or very discriminating person, especially in art and taste ...

REFM Class 3 Question and answers rated A+ 2024/2025 REFM Class 3 & 4-Midterm study guide NPV - correct answer same as PV does not include initial cash outflow Sources and Uses of Funds - correct answer paying for the building and how much debt and equity is needed; have to equal each other Purchase Price and exit valuation parameters - correct answer expected and projected cap rates (know what these are and relationship with value) Cash Flow Statement - correct answer Proje...

REFM Module 2 Question Bank Question and answers verified to pass 2024/2025 REFM Module 2 Question Bank In a discounted cash flow analysis, property value is evaluated using: - correct answer Pre-tax Cash Flows T/F: You should always choose the project that generates the highest NPV? - correct answer False. NPV Other factors to consider: expertise in market, does it fit investment strategy, what could go wrong, etc. What tells you how much net value the investment is expected to ...

FRM 2 Question and answers correctly solved 2024/2025 FRM 2 Netting Factor - correct answer sqrt(n + n (n - 1) p) / n Ho-Lee Model - correct answer dr = lambda(t)*dt + sigma*dw Vasicek Model - correct answer dr = k*(theta - r)*dt + sigma*dw Half-life = ln(2)/k Cox-Ingersoll-Ross Model (CIR) - correct answer dr = k*(theta - r)*dt + sigma*sqrt(r)*dw Friction 1: Mortgagor and Originator - correct answer The borrower may not even be aware of the financing options availa...