1. Would the shape of the efficient frontier likely be different for a taxable and a nontaxable...
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1. Would the shape of the efficient frontier likely be different for a taxable and a nontaxable institutional investor?
2. How might income taxes alter the configuration of the efficient frontier? In general, would you expect cost estimates to be more precise for new development projects or for rehabilitation projects?
3. Explain your reasoning. How does a general contractor differ from a real estate developer?
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