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A rental property is providing 13% rate of return. Next year's rent is expected to be $1.0 million and is expected to grow at 3%

A rental property is providing 13% rate of return. Next year's rent is expected to be $1.0 million and is expected to grow at 3% per year forever. What is the current value of the property? a. 7.7 million b 10 million c. 33.3 million d. none of these

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