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QUESTION 18 Assume a REIT has net debt of $700M, and goM shares outstanding. Both the stock price and NAV/share = to $3-37 and a

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QUESTION 18 Assume a REIT has net debt of $700M, and goM shares outstanding. Both the stock price and NAV/share = to $3-37 and a fair cap rate for the portfolio is 8.5%. What is the implied NOI? $100M $102.5M $85.3M $110.0M

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