ly2023-08-11 17:39:41

老师，您好，这道题怎么算呀，为啥growth rate乘了这么多次，distribbution是默认基于年末资产来计算吗？谢谢啦/题目内容Calixto reviews the endowment’s future liquidity requirements and analyzes one of its holdings in a private distressed debt fund. He notes the following about the fund: As of the most recent year end: The NAV of the endowment’s investment in the fund was €25,000,000. All capital had been called. At the end of the current year, Calixto expects a distribution of 18% to be paid. Calixto estimates an expected growth rate of 11% for the fund. Q. Calculate the expected NAV of the fund at the end of the current year.