Question
Jack pays $1 million for a property with a 9% cap rate. Jack keeps this property for 5 years and sells at the end of
Jack pays $1 million for a property with a 9% cap rate. Jack keeps this property for 5 years and sells at the end of year 5 at the same cap rate. The selling costs are 5% of the selling price. What will be the IRR of this investment for Jack?
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Fundamentals Of Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567934757, 978-1567934755
