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16. A lender requires a 1.20 debt coverage ratio as a minimum. If the net operating income offa property is $45,000, what annual amount of
16. A lender requires a 1.20 debt coverage ratio as a minimum. If the net operating income offa property is $45,000, what annual amount of debt service would provide the required debt coverage ratio? A. $37,500 or higher B. $37,500 or lower C. $54,000 or higher D. $54,000 or lower
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