[{"data":1,"prerenderedAt":26},["ShallowReactive",2],{"$f_LTR_BEgO-943BitrZmXuoZk89YKDlVJArp7P3t6kOE":3},{"card":4,"examId":6,"chapterTitle":23,"prev":24,"next":25},{"id":5,"examId":6,"prompt":7,"answer":8,"choices":9,"questionType":14,"explanation":15,"explanationDetail":16,"mistakeHint":17,"lectureRef":18,"storyRef":18,"chapterSlug":19,"sectionCode":20,"sectionTitle":21,"clusterSlug":18,"term":18,"sequenceOrder":18,"regionWeight":18,"revisionMark":18,"isActive":22},"fp2-ch5-007","fp2","不動産の鑑定評価における直接還元法の計算式として正しいものはどれか。",0,[10,11,12,13],"収益価格＝純収益÷還元利回り","収益価格＝純収益×還元利回り","収益価格＝総収益÷還元利回り","収益価格＝純収益÷割引率","four","直接還元法では「収益価格＝一期間の純収益÷還元利回り（キャップレート）」で計算します。","例えば、年間純収益が500万円、還元利回りが5%の場合、収益価格＝500万円÷0.05＝1億円となります。DCF法は将来の純収益と復帰価格を割引率で現在価値に割り引いて合計する方法で、より精緻な評価が可能です。","直接還元法は「純収益÷還元利回り」で、÷（割る）がポイントです。×（掛ける）と間違えやすいので注意しましょう。ここは試験でよく狙われます。",null,"chapter-5","fp2-5-01","不動産の見方（登記・価格）",true,"第5章 不動産","fp2-ch5-006","fp2-ch5-008",1784619075002]