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During the last 6 months you observed the following transactions among multi-family properties in a neighborhood. Calculate G.R.M. for each of the property. What is the average G.R.M for the neighborhood?
Property Gross Scheduled Income Selling Price (Market Value) G.R.M(Gross Rent Multiplier)
A 28,400 207,500 B 32,000 240,000 C 25,940 185,000 D 27,150 195,000 E 30,225 220,000
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