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Question 2 (1 point) 1 Assume a 4-year holding period - The going in (purchase) cap rate is 5.00% and the going out (sale) cap

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Question 2 (1 point) 1 Assume a 4-year holding period - The going in (purchase) cap rate is 5.00% and the going out (sale) cap rate is 4.00% Yr O is today. Yr 1 is the next 12 months. Etc... Yr 0 Yr 1 Yr 2 Yr 3 Yr 4 Yr5 NOI 55,000 56,000 57,000 58,000 59.000 What is the purchase price for the property? $1,000,000 $1,100,000

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