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An apartment building can be well represented as producing net rent of $7.50/SF annually in arrears, with expected growth over the long run of 1% per...

An apartment building can be well represented as producing net rent of $7.50/SF
annually in arrears, with expected growth over the long run of 1% per year. What is the
value of the apartment building (per sf) if the required rate of return is 12%

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