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Suppose you project the following information for a given property: constant NOI is $50,000; loan-to-value ratio is .80; mortgage constant is 0.1523; and the equity

Suppose you project the following information for a given property: constant NOI is $50,000; loan-to-value ratio is .80; mortgage constant is 0.1523; and the equity dividend rate is 10%. The estimated current value of the property is

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