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Assume you own a valuable piece of land (without debt) and are confident you can sell it to a large corporate buyer for about $4,500,000
Assume you own a valuable piece of land (without debt) and are confident you can sell it to a large corporate buyer for about $4,500,000 when the area develops in 5 years. If your required return is 4% annually, what is the approximate land value (to you) today? Ch3
| a. | $3,166,600 | |
| b. | $4,000,000 | |
| c. | $5,474,900 | |
| d. | $3,698,700 |
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