Multiple Choice
Given the following information, calculate the debt coverage ratio of this commercial loan. Estimated net operating income (NOI) in the first year: $150,000, Debt service in the first year: $100,000, Loan amount: $1,000,000, Purchase price: $1,300,000
A) 0.15
B) 0.67
C) 1.30
D) 1.50
Correct Answer:
Verified
Correct Answer:
Verified
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