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QUESTION

1- According to the rule of 72, how many times your money will be doubled over a 36- year period if it earns a rate of return of 8% per year?

B-)What is your estimation for a fair price to pay for a share of the REIT described, if you require an 8.0% rate of return on an unlevered basis and expect the REIT to increase NOI at an average rate of 2.25%? Should you buy shares of that REIT? Show your work! 

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