What is the pm investment base in property

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A portfolio manager (PM) bought a property for $700,000, financed with $550,000 of debt. Five years later, the PM is reviewing the property for possible disposition. The property could be sold for $900,000, with selling costs of $25,000 and a remaining mortgage balance of $500,000. If sold, the taxes would be $45,000. What is the PM's investment base in this property?

Reference no: EM133110914

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