问题如下:
Allen is an investment manager, who recently recruited a new customer, Jack. Jack invested $200,000 in an asset for 15 years that promises to offer an annual return of 12% before tax. Assume the cost basis is as same as market value and the investment should be imposed a tax of 10% at the end of the investment period. Calculate the accrual equivalent return on this investment.
选项:
A.12.09%
B.11.37%
C.10.49%
解释:
B is correct.
考点:Effective annual return
解析:首先这题描述的情况是一个递延税的情况,因为税收发生在投资期结束时刻。因此我们运用递延税的计算出投资期期末时刻的资产的终值。
由于投资资产的cost basis和market value相等,所以B=1,
所以
接着我们再套用Effective annual return的公式计算
,反解这个公式得,
这道题问什么不能理解是在投资结束后征收了wealth tax呢?怎么从题干中区分征的是wealth tax还是deferred tax?谢谢。