Q6.15. In the example, the building was worth $75, the mortgage was worth $70, and the equity

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Q6.15. In the example, the building was worth $75, the mortgage was worth $70, and the equity was worth $5. The mortgage thus financed about 93.3% of the cost of the building, and the equity financed 7.7%. Is the arrangement identical to one in which two partners purchase the building together-one puts in $70 and owns 93.3% of the building, and the other puts in $5 and owns 6.7%?

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