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You can purchase a new duplex for $2,000,000.The bank has quoted her an 75% LTV.The loan would be amortized for 30 years, the annual interest

You can purchase a new duplex for $2,000,000.The bank has quoted her an 75% LTV.The loan would be amortized for 30 years, the annual interest rate is 5.5%.The annual NOI is $175,000.Determine the debt coverage ratio

	a	1.28
	b	15.4
	c	28%
	d	8.75%

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