If the Market Value Cap Rate Based on NOI) on a Certain

question 2

Multiple Choice

If the market value cap rate based on NOI) on a certain type of property is 11%, capital improvement expenditures are typically 1% of property value per year, and you expect the property to appreciate at 3% per year, what discount rate total return) should be applied to determine the market value in a multi-year DCF analysis?

• A) 3%
• B) 10%
• C) 11.5%
• D) 13%
• E) 11%

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