NO.PZ202301100200000404
问题如下:
Jenkins’s discussion and example concerning hurdle rates is most likely:选项:
A.incorrect with respect to the purpose of using hurdle rates. B.incorrect with respect to the earning of carried interest. C.correct.解释:
SolutionB is correct. The internal rate of return (IRR) of the deal in the example is calculated as follows:
Solve for IRR with a financial calculator as follows: CF0 = –50; CF3 =65; IRR = 9.14% (where CF is cash flow). Because 9.14% is higher than the hurdle rate of 9.0% and because the GP is paid on a deal-by-deal basis, the GP would thus earn carried interest on the transaction.
A is incorrect. Her description of the purpose of hurdle rates is correct; it is her subsequent calculation and interpretation of how the hurdle rate is used which is erroneous.
C is incorrect. Jenkins is not correct in her assertion that the GP would not receive carried interest on the deal, as the GP is paid on a deal-by-deal basis and it has earned more than the hurdle rate of 9%.
那为何是看总的IRR,我的意思是不是应该看每笔交易是否赚钱,而不是应该看整体是否赚钱,不知道我是否理解错了?