Calculate the price-to-rent ratios for the following properties arranged by price of home followed by likely annual
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Question:
Calculate the price-to-rent ratios for the following properties arranged by price of home followed by likely annual rental income:
(a) $400,000 / $40,000;
(b) $300,000 / $36,000;
(c) $200,000 / 30,000.
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