Real Estate Finance & Investments, Midterm Exam
There are two parts to this exam, plus an extra-credit question. The entire exam is designed to be finished in 90 minutes. No
open books or notes are permitted. Calculators OK, laptops not. (Some mathematica

1031 Exchange
Under Section 1031 of the United States
Internal Revenue Code (26 U.S.C.1031), the
exchange of certain types of property may defer the
recognition of capital gains or losses due upon sale,
and hence defer any capital gains taxes otherwise du

Question 1
Toys RUs sales exceeded $300 million by 2004 on Amazon.com site. In about 200 words,
explain how Amazon, ToysRUs, and other toy sellers who participated in Amazons
Marketplace retailer program benefitted from the network effect as a result of t

Consider the economy described by the following equations: money supply is given by
, the
demand for money is given by
, aggregate demand is given by
run aggregate supply is given by
. Initially, the economy is in long run equilibrium. The
demand for loan

Suppose that the country of Krakozhia only produces two goods: left soccer cleats (denoted L) and right
soccer cleats (denoted R). Both L and R require 1 unit of resource to produce each unit, and Krakozhia
has a total of 100 units of resource.
a) Draw th

WWS 512b Spring 2017 Homework 2 Due March 8
1. This question has you examine some data on the evolution of income per capita.
For this question go to the Total Economy Database at the Conference Board. (Go to
https:/www.conference-board.org/data/economyda

Suppose that India has had a long period of zero inflation and balanced budgets, and its citizens expect
this period to continue. In this time period, the private market for loanable funds has the following
functions:
where r is the nominal interest rate

Consider an aggregate economy with per worker production function of y=T*k^0.25*h^0.75 .
It is given that T=2 d=0.1 s=0.5 h=16
a. Write down the law of motion of capital for this economy. What is the equation for the steady
state line ?
b. Find the steady

Stochastic Calculus, Summer 2017, February 23,
Lecture 4
Construction of the Ito Integral
Reading for
[1] pp.
[2] pp.
[3] pp.
[4] pp.
this lecture (for references see the end of the lecture):
125-137
33-67
128-148
21-42
Motivation. Consider an asset w

Stochastic Calculus, Spring 2017, March 2nd,
Lecture 5
Formula
Ito
Reading for this lecture (for references see the end of the lecture):
[1]
[2]
[3]
[4]
pp.
pp.
pp.
pp.
137-153
68-70
148-156
21-42
During the last lecture we defined Ito integral
Z t
f (s,

STOCHASTIC CALCULUS, SPRING 2017, JANUARY 26,
LECTURE 1
CONSTRUCTION OF BROWNIAN MOTION
Contents
1. Definition of Brownian Motion
2. Symmetric Random Walk
2.1. Increments of the SRW
2.2. Martingale property of the SRW
2.3. Quadratic variation of the SRW
3

Lets look at a simple population model involving N = 19 dierent species.
1. Well assume that each of these species is represented by a great many individuals, all living in a single large petri dish.
Well use the variable yn to refer to the population of

1
Fixed point iteration review:
1. Assuming that x is a root of F (x) (i.e., F (x) = 0), explain why G (x) = x, where G (x) = F (x) + x. The value x is called
the xed pointof G.
2. Given an initial guess x0 for x, Fixed-point-iteration (FPI) calculates xn

Principles of Accounting and Taxation
Y64.1005
Professor Ralph D. Amicucci
1
1.
To Understand the rational for leasing and
the distinction between an operating and
capital lease.
2.
To understand the income statement and
balance sheet differences between

Sole Proprietorship
Formation
Duration
Simple Partnership
Automatically formed at Automatically formed at
start of Business
start of Business
General/Limited Liability
Partnership
Corporation
Sub-S Corporation
LLC
LLP
Must file Articles of
Organization wi

Freddy Ramos
Peer Evaluations
Eric Demmer:
Eric has been a great person to work with. He is a key part of the group, and
always has good points to make when discussing the topics. He is always prepared when
discussing because he does the readings and even