True or False (please answer all 5)

There are two identical properties. One is the fee simple estate and the other one is the leased fee estate. Then, the values of those two properties must be the same. Windows [[] Windows Suppose a household's income is randomly drawn from the uniform distribution [0,10]. If the household's income is lower than "A", it decides to default. Suppose the default probability is 0.1. Calculate the value "A." Suppose the value of the income producing property is 10. The net operating income (NOI) is expected to change as follows: 1 at time 1, 2 at time 2, 3 at time 3, and so on. An investor plans to sell the property at time 3. Then, the going-in capitalization rate is 0.3 (or 30%). Suppose a household's income e is randomly drawn from the uniform distribution [0,10]. If the household's income is lower than "A", it decides to default. Suppose the default probability is 0.2. Calculate the expected value of income conditional on the default, i.e E[e/default]. [] Windows Consider equity participation loans. The participation payments are tax deductible