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What amount of debt service would provide the required debt

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Reference no: EM133139119

Question - A lender requires a minimum debt service coverage ration of 1.2 - 1.0. If the Net Operating Income of a property is $45,000, what amount of debt service would provide the required debt service coverage?

A. $37,500 or lower

B. $37,500 or higher

C. $54,000 or lower

D. $54,000 or higher

Reference no: EM133139119

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