Question
A plot of land in the center of a big city earns a rental price of 600,000 per year. What is the minimum purchase price
A plot of land in the center of a big city earns a rental price of 600,000 per year. What is the minimum purchase price the owner will accept for this land if the prevailing interest rate is at 10% and is assumed to remain at this rate most of the time? If the interest rate is expected to be lower at 5%, how much is the purchase price?
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
