400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
a) Explain vividly the concept of ‘Investment discounting’ and discuss the factors that are often considered in the choice of a discount rate from the point of view of the investor.
b) With cognate example, discuss the concept of Profitability Index as an investment appraisal tool and when its application may be necessary to the investor.
