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4) Cap Rates are inadequate measures of investment returns because a. They are a soupshot of investment performance rather than an overall picture b. There

4) Cap Rates are inadequate measures of investment returns because

a. They are a "soupshot of investment performance rather than an overall picture

b. There is no clear definition of the Net Operating Income that is to be "cipitalized

c. They ignore significant information (the impact of expiring losses pending capital requirements

d. All of the above

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