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a) Name the three approaches to income property valuation and the rationale for each. (5.0 points) b) Write the fundamental valuation model in equation form

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a) Name the three approaches to income property valuation and the rationale for each. (5.0 points) b) Write the fundamental valuation model in equation form and explain all the variables that the model uses. What fundamental finance concept is this model based on? (10 points) c) Explain why DCF analysis, as commonly used in market valuation is really a combination of DCF and direct capitalization (5 points)

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