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In: Finance

A small commercial property has a net income of $60,300 and an annual gross income of...

A small commercial property has a net income of $60,300 and an annual gross income of $95,500. The property recently sold for $620,750. What is the gross income multiplier for this property?

A. 1.58

B. 6.50

C. 8.75

D. 10.26

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Expert Solution

jeff jeffy answered 2 years ago
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