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An investor purchased an apartment building that generates $200,000 in annual net operating income. The apartment was purchased for $2,500,000. The investor expects to receive
An investor purchased an apartment building that generates $200,000 in annual net operating income. The apartment was purchased for $2,500,000. The investor expects to receive $75,000 annually, and a 10.0% return on equity. What is the mortgage capitalization rate?
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