Question: 13 Problem 12-33 CAPM and Valuation (L03) 5 points You are considering the purchase of real estate that will provide perpetual income that should average

 13 Problem 12-33 CAPM and Valuation (L03) 5 points You are

13 Problem 12-33 CAPM and Valuation (L03) 5 points You are considering the purchase of real estate that will provide perpetual income that should average $66,000 per year. How much will you pay for the property if you believe its market risk is the same as the market portfolio's? The T-bill rate is 5%, and the expected market return is 8.0%. Property value eBook Print References

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