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The current rental on a property is 400,000 per annum and increases by 10% compound at each 4-yearly rent review. The next review is on

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The current rental on a property is 400,000 per annum and increases by 10% compound at each 4-yearly rent review. The next review is on 1 September 2008. An investor wants to purchase the property on 1 September 2008 . What price should she pay to give a yield of 8% per annum effective

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