NO.PZ201603110100002801
问题如下：
1. The market value of the SPES composite is closest to:
选项： $16.6
million.
$19.8 million.
C.$20.2 million.
解释：
The GIPS Glossary gives this definition of Residual Value (private equity and real estate): "The remaining equity that limited partners (or investors) have in an investment vehicle at the end of the performance reporting period." The GIPS Glossary defines the RVPI (real estate and private equity) as "residual value divided by since inception paid-in capital". Accordingly, the market value of the SPES composite can be estimated by multiplying the paid-in capital by the RVPI measure. The calculation is $20.0 × 0.99 = $19.8 million. (See Section 3.15 of the reading.)
这在哪里有讲？
