NAVPS Schweser Mock Exam #5 AM (Q45)

eldesiego

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Hi!
Isn’t the NAVPS calculation for REITS: NOI1/cap rate + other assets - other liabilities?
There’s a question on Schweser’s mock where the only thing they do is: NOI1/cap rate and they totally ignore assets and/or liabilities… can someone help pls?
Thanks!!
 
Sorry, my bad!!! I misread some numbers. Thank you anyway for having a look!
 
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