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Question Two With reference to examples, explain three (3) ways how imperfections in the market for capital can affect the land and real property markets.

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Question Two With reference to examples, explain three (3) ways how imperfections in the market for capital can affect the land and real property markets. Answers without examples will not be awarded full points. (25 marks) OR Question Three Pretend that you are a developer and you are weighing your options for to carry out a commercial development. Critically assess the use of sale and leaseback and equity financing. Under what conditions would you use each of these? (25 marks)

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