The Renewal Probability Is Assumed to Be 60% for a Particular

question 27

Multiple Choice

The renewal probability is assumed to be 60% for a particular lease with 12 months vacant if the lease is not renewed. The expected vacancy at the end of the lease is:

• A) 4.8 months
• B) 7.2 months
• C) 9.0 months
• D) 12.0 months

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Definitions:

Phenytoin PO

An oral medication primarily used to control certain types of seizures in the treatment of epilepsy.

Insulin Aspart

A rapid-acting insulin used to control high blood sugar in people with diabetes, typically taken shortly before meals.

Nitroglycerin Sublingual

A medication used to relieve chest pain (angina) by dilating blood vessels, taken by placing it under the tongue.

Metronidazole PO

An oral administration of an antibiotic medication used to treat various infections, including those in the stomach, skin, joints, and respiratory tract.