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9. The renewal probability is assumed to be 60% for a particular lease with 12 months vacant if the lease is not renewed. The expected

9. The renewal probability is assumed to be 60% for a particular lease with 12 months vacant if the lease is not renewed. The expected vacancy at the end of the lease is: (A)

(A)4.8 months

(B)7.2 months

(D)12.0 months

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