NO.PZ2023103101000028
问题如下:
Q. Which of the following has the highest weighting to current yield?
选项:
A.Greenfield assets with limited construction and demand risk
B.Fully constructed brownfield assets with contracted revenues
C.Greenfield assets without guarantees of demand upon completion
解释:
The correct answer is B. Brownfield assets with mitigated risks (e.g., fully constructed with contracted/regulated revenues) that are located in the most stable OECD countries have a high weighting to current yield. Greenfield assets with limited construction and demand risk have a mix of yield and capital appreciation. Greenfield projects without guarantees of demand upon completion—e.g., variable electricity prices, uncertain traffic on roads and through ports—have a high weighting to capital appreciation.
对于current yield的权重最高,能够提供的现金流是最稳定,这个逻辑怎么推导了