johndumas

Hard to Value Assets Create Stir for Investors

I meant BOOK value of $55,500.


On Dec 12 09:08 AM john dumas wrote:

> Why not just average the value of assets by what they would be worth
> as annuities multiplied by their chance of survival paying an equal
> yield as well as market value. (EQxSVl+MV)/2=book value example:
> $100,000 mortgage at 6% with a 10% risk of default worth $81,000
> as an anuity equal with market value of $30,000 would have a market
> value of $55,000