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Kent purchased an investment property for $750,000 today. It is expected that the annual rent for the property would be $31,200. According to the probabilities,

Kent purchased an investment property for $750,000 today. It is expected that the annual rent for the property would be $31,200. According to the probabilities, Kent expects the property price in one year would be as follows: Probability Price 30%:$915,000 40% :$825,000 20% $780,000 10% :$690,000 i) Calculate the total holding period return for each scenario if Kent plans to sell the property in one year. (Round your answer to the nearest 0.01%) (2 marks) - no excel working out please

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