计算

问题如下：

Q. Akasaka Investment Company established a portfolio of warehouse properties with a total market value of THB3.60 billion. It secured mortgage financing of THB2.61 billion. The terms of the mortgage required Akasaka to maintain a loan-to-value ratio of 0.725. After 18 months, the portfolio value had dropped to THB3.23 billion and the mortgage liability was THB2.35 billion.By how much must Akasaka reduce its mortgage liability to return its LTV back

to the required level?

选项：

A.THB6.00 million B.THB8.25 million C.THB9.19 million

解释：

The correct answer is B.

LTV = Mortgage liability/Portfolio value.

Mortgage liability = LTV × Portfolio value.

Required mortgage liability = Required LTV × Portfolio value.

Required reduction in mortgage liability = Mortgage liability – Required mortgage liability.

Required reduction in mortgage liability = Mortgage liability – (Required LTV × Portfolio value).

8.25 = 2350 – (0.725 × 3230).