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6. Suppose a property worth $15,000,000 in the marketplace provides an initial annual gross income of $3,500,000 and a net operating income of $1,500,000. What

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6. Suppose a property worth $15,000,000 in the marketplace provides an initial annual gross income of $3,500,000 and a net operating income of $1,500,000. What is the GRM, and what is the cap rate prevailing in the property market for this type of property

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