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1. If the net operating income before depreciation of a building is $31,200 anually, and the overall capitalization rate for rate this type of property is 12.5%, the value of the property using the capitalization formula is?

a. $312,050

b. $265,700

c. $249,600

d. $390,000

2. The Provincial Land Transfer Tax for a commercial property sellling for $387,000 is:

a. $4,280

b. $3,595

c. $5,805

d. $4,965

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92312252

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