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Check all true statements regarding Cap Rates

As cap rates used to price a property decrease, the property values increase holding all else equal

Pricing a property via Cap Rates is analogous to receiving a perpetuity in the form of a NOI being the payment every year and the Cap Rate being the discount rate

Cap Rates are used when pricing commercial properties via the cost approach

Cap Rate for One Property $=$ Property Value$/$NOI

A form of average cap rate is used to price commercial properties depending on their industry and$/$or location