Suppose a property has a cap rate of $8\mathrm{.}5\%$ and you can borrow at a mortgage constant of $8\%.$ If you borrow $70\%$ of the property price, what will be your equity yield?

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$8\mathrm{.}50\%$

$8\mathrm{.}00\%$

$9\mathrm{.}67\%$

$11\mathrm{.}00\%$