Econemie risks are usualy: Selected Answer: e. Somewhat negotiable Question 12 Positive leverage cccurs when: Selected Answer: b. The cost of debt is less than the total retum on the asset Question 13 More leverage has the following impact on the variability of rotums: [None Ghen] Question 14 Briefly describe the four steps of cost approach to value. Selected Answer: [None Given] Question 15 Caih on cash and cap rate retarn would be identical only if: I. Property is 100 equaty II. Break even point is 1.0 III. LTV =0.5 (debt = equity) Econemie risks are usualy: Selected Answer: e. Somewhat negotiable Question 12 Positive leverage cccurs when: Selected Answer: b. The cost of debt is less than the total retum on the asset Question 13 More leverage has the following impact on the variability of rotums: [None Ghen] Question 14 Briefly describe the four steps of cost approach to value. Selected Answer: [None Given] Question 15 Caih on cash and cap rate retarn would be identical only if: I. Property is 100 equaty II. Break even point is 1.0 III. LTV =0.5 (debt = equity)