You acquired a warehouse property in Birmingham and based on The net income received in the first year and the propertys price the initial cap rate was 6%. A recent brokerage report listed the average market cap for similar properties to be 6.25%. which of the following statements is consistent With the relationship between your cap rate and the market cap.

a. the price you paid was high relative to comparable sales.

b. net operating income is projected to grow at a slower rate than at comparable sales

c. both a and b

d. beither a or b

c. both a and b

d. neither a or b