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An investment opportunity having a market price of $1,000,000 is available. You could obtain a $750,000,25-year mortgage loan requiring equal monthly payments with interest at

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An investment opportunity having a market price of $1,000,000 is available. You could obtain a $750,000,25-year mortgage loan requiring equal monthly payments with interest at 7.0 percent. The following operating results are expected during the first year: Required: For the first year (next 12 months) only, determine the: a. Gross income multiplier. b. Operating expense ratio (including CAPX). c. Monthly and annual mortgage payment. (Do not round intermediate calculations. Round your answers to 2 decimal places.) d. Debt coverage ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) e. Debt yield ratio. (Enter your answer as a percentage rounded to 1 decimal place (i.e. 0.123 should be entered as 12.3).) f. Overall capitalization rate. g. Equity dividend rate. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 1 decimal place (i.e. 0.123 should be entered as 12.3).)

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