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QUESTION 11 ABC Realty Trust has an annual NOI of $110M. Net debt equals $700M. The company has 90M shares outstanding. Based on the trades

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QUESTION 11 ABC Realty Trust has an annual NOI of $110M. Net debt equals $700M. The company has 90M shares outstanding. Based on the trades for comparable assets in its portfolio, the company believes that a fair cap rate for its assets is 8.596. If the stock trades at $3.37/share, what is the discount or premium to Net Asset Value? 60% O 509% O 53% O 519%

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