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Suppose you are given the following information about a property, (A) First-year net operating income is $10,000. (B) Growth rate of NOI is 3% per
Suppose you are given the following information about a property, (A) First-year net operating income is $10,000. (B) Growth rate of NOI is 3% per year. (C) Discount rate is 10% per year. (D) Property value appreciated 3% per year. (E) Holding period is three years (property will be sold in year 3). What is the resale price of property at the end of year 3? O $275,799 O $156,104 O $25,574 $142,857
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