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Hello
I’m looking at an example in BPP study text, pg 82- Zenzi Co. which had 3 loans, 2 of which were at the beginning (Jan) and end (Dec) of 2008 and 1 started in July.
In the calculation for the capitalization rate, they used the weighted average of the 2 which were there at the beginning of the year. My question why was the 3 loan which was taken for 6 months not included?
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