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Q7 Question 7 (2 points) A property is purchased for $16 million. Financing is obtained at a 75% loan- to-value ratio with total annual payments
Q7 Question 7 (2 points) A property is purchased for $16 million. Financing is obtained at a 75% loan- to-value ratio with total annual payments of $1,100,000. The property produces an NOI of $1,400,000. What is the equity dividend rate? 6.13% 9.33% 7.50% 5.89%
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