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2. a Assume another property has an operating expense ratio of 50%, no vacancies, a potential gross income of $96,000 and a debt coverage ratio
2. a Assume another property has an operating expense ratio of 50%, no vacancies, a potential gross income of $96,000 and a debt coverage ratio of 2. The property has a loan to value ratio that is also 50%. This is a mortgage at 6%, over a 20 year period, with monthly payments. What price was paid for the property? (A) $139,581 (B) $279,162 (C) $418,742 (D) $558,323
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