1 ) How much is the Bet Artist worth depending on comparable orders? What deliver is the best guide transaction? (the closest comparable)?
Comparable transaction is a typical method of assessing the value of something that is looking forward to sale. To value a ship, 1 had to recognize a set of " comparableвЂќ delivers where comparability was depending on four main factors: ship type, size (DWT), grow older, and state.
The Bet Artist was a 11 year old dispatch, built in 97, 172, 1000 DWT capsize bulk carrier. From the Display 4, there are five boats which are the many comparable to Wager Performer. They can be Martha Verity, Ingenious, Sumihou, Cape Sunlight, and Coppersmith. These ships all have most similar characteristics, with regards to ship type, DWT, ship age and gears. We need to have at least 5 benchmark transactions to identify the purchase price.
Sale Date Dispatch Name Dispatch Type DWT Year Constructed Age by Sale Gear Purchase Price Mar-07 Martha Verity Capesize гЂЂ158. 0 1995 12 gearless гЂЂ$63. zero May-07 Brilliant Capesize 170. 0 mil novecentos e noventa e seis 11 gearless $64. 2 Nov-07 Sumihou Capesize 171. 1 1996 11 gearless $106. 0 Mar-08 Hat Sun Capesize 171. six 1999 9 gearless $135. 0 May-08 Bet Performer Capesize 172. 1 1997 11 gearless $133. zero Jul-08 Coppersmith Capesize 149. 7 1995 13 gearless $101. 0 The cabinet comparable transaction was that of Sumihou Capesize, and so Guess performer's ideal reference/comparable purchase might be $ 106 mln.
2 . Regression Analysis
a. What is the expected romance between send price and each factor classified by Exhibit some (size, age group and charter rates)? What is the economical logic intended for why each factor may possibly affect...