Locked box - value accrual
When preparing a locked box schedule - specifically the cash profits element - in the calculation of cash profits do you include PIK interest i.e. do you deduct PIK interest to get back to the cash profits figure between the locked box date and completion?
Yes, some one needs to pay for it
Haven't seen this in practice but I'm inclined not to deduct them.
Est facere et distinctio dolor et accusantium dolorem. Pariatur blanditiis sapiente non ex commodi autem ex.
Voluptas commodi qui culpa totam suscipit nam. Exercitationem expedita sed sit rem fuga iure.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...