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You are considering the purchase of real estate that will provide perpetual income that should average $50,000 per year. How much will you pay for

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You are considering the purchase of real estate that will provide perpetual income that should average $50,000 per year. How much will you pay for the property if you believe its market risk is the same as the market portfolio's? The T-bill rate is 3%, and the expected market return is 8.0%. Property value ices

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