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Question
A property is purchase for $15 million. Financing is obtained at a 75% loan-to-value ratio with total annual payments of $1,179,000. The property produces an NOI of $1,400,000. What is the equity dividend rate (ratio of first year cash flow to equity)?
A) 5.89%
B) 9.33%
C) 7.86%
D) 8.64%
Answer
This answer is hidden. It contains 19 characters.
Related questions
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$
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$
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