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Question 5 1 pts In analyzing the buy-or-rent decision for the IFC-building floors the HKMA desires, suppose the developer quotes a starting rent of
Question 5 1 pts In analyzing the buy-or-rent decision for the IFC-building floors the HKMA desires, suppose the developer quotes a starting rent of HK$ 230.93 million per year for a 30-year lease (end-of-year payments) with an escalation clause citing rent increases of 5.31% per annum beyond the first year. What is this lease contract worth (in HK$ millions) if discounting at 5.66%? Report your answer with 2-digit precision (ex. 12.34).
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