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Captain America · 2025年03月26日

请问RVPI这里为什么分子是20?

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NO.PZ202411040100000202

问题如下:

Q. Which of the following most closely approximates Fund 1’s TVPI at the end of the fund’s life?

选项:

A.A.0.83

B.B.1.67

C.C.2.00

解释:

C is correct. TVPI is equal to the sum of DPI and RVPI. DPI is the cumulative distributions paid divided by the total investment. Cumulative distributions are EUR100 million, and total investment is EUR60 million, so DPI is 1.67 (= 100 ÷ 60). RVPI is equal to net asset value divided by total investment, or 0.33 (= 20 ÷ 60). Thus, TVPI is equal to 2.00 (= 1.67 + 0.33). A is incorrect because it assumes DPI of 0.5 (= 30 ÷ 60) plus the correct RVPI. B is incorrect because it assumes RVPI of 1.0, which implies NAV of EUR60 at the end of Year 7, plus the correct DPI.

请问RVPI这里为什么分子是20?为什么定在这个时间点?

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