Estimated land value per acre

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Reference no: EM131089571

Suppose that net returns are $700 per acre and expected rates of return are 15%, then the estimated land value per acre is:

a. $4,561.67

b. $3,371.67

c. $4,666.67

d. $3,966.67

e. None of these answers are correct

Reference no: EM131089571

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