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A first mortgage is 60% of value at a mortgage constate of .09305, and the second mortgage is 20% of value at a mortgage constant

A first mortgage is 60% of value at a mortgage constate of .09305, and the second mortgage is 20% of value at a mortgage constant of .15076 and the overall cap rate is 11%. What is the equity capitalization rate?

Question 21 options:

7.5%

10.0%

12.0%

15.0%

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