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Which values should be used as a starting point to estimate the mean and standard deviation of NOI growth for an income-producing property with 5-year

Which values should be used as a starting point to estimate the mean and standard deviation of NOI growth for an income-producing property with 5-year holding period?

a. Historical annualized NOI growth values derived from 5-year holding periods

b. Future annual NOI growth values

c. Historical annual NOI growth values

d. Historical annual NOI growth values derived from quarterly values

e. There is no way to estimate NOI growth, so we shouldnt even try

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