A freehold property has just been sold for $32,000,000. The property was subject to a...
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Accounting
A freehold property has just been sold for $32,000,000. The property was subject to a recently negotiated lease but the rental has not yet been disclosed. The purchaser will adopt a notional yield of 8%. Ignoring purchasers costs, what rental value does this transaction show?
a.
$3,020,000.
b.
$2,650,000.
c.
$2,560,000.
d.
$3,200,000.
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