Question 17 Referring to the land valuation techniques, the ground rent capitalization technique O A. is based on the number of lots that can be developed and the time it takes to sell. B. assumes that the subject is improved and the rent is paid for both land and buildings. O C. implicitly converts the income and reversion into a net present value (NPV). O D. explicitly converts the income and reversion into a ret present value

Referring to the land valuation techniques, the ground rent capitalization technique A. is based on the number of lots that can be developed and the time it takes to sell. B. assumes that the subject is improved and the rent is paid for both land and buildings. C. implicitly converts the income and reversion into a net present value (NPV). D. explicitly converts the income and reversion into a net nresent value