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Consider the following. A group of 4 Real Estate graduates decide to pool their funds and purchase a local strip mall. They were able to

Consider the following. A group of 4 Real Estate graduates decide to pool their funds and purchase a local strip mall. They were able to win the bidding with an offer of $2,000,000.00. The property has a Net Operating Income of $200,000.00 before taxes and interest. What is the capitalization rate for the subject property?

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