Question
A property produces a first year NOI of $300,000 which is expected to grow by 3% annually. If the hold period is 3 years, what
A property produces a first year NOI of $300,000 which is expected to grow by 3% annually. If the hold period is 3 years, what is the expected sales price based on a terminal capitalization rate of 9% applied to the 4th year NOI?
a)3000000
b)3500000
c)3536333
d)3642423
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
