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Watson hired an appraiser for an assignment involving a commercial property. Watson asked the appraiser to provide an opinion of value using his investment criteria,
Watson hired an appraiser for an assignment involving a commercial property. Watson asked the appraiser to provide an opinion of value using his investment criteria, which included an overall capitalization rate of 12%. The market capitalization rate for this type of investment would normally be 10%. The opinion of value that the appraiser provides would be the Group of answer choices
Exchange value
Investment value
Market value
Use value
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