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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 increase annually
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 increase annually by 8%, then 6%, and then steadily increase by 3% per year forever. What is the current value of the property? (5 marks)
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Labour Finance And Inequality
Authors: Suzanne J. Konzelmann, Simon Deakin, Marc Fovargue-Davies, Frank Wilkinson
1st Edition
1138919721, 978-1138919723
