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Business, 03.05.2021 14:50 naomi20044

Rationale of the cost replacement approach is: an informed investor would not pay more for real estate than what it would cost to buy the land and build the structure an informed investor would pay for a property based on its ability to produce cash flow an informed buyer of real estate would not pay more for a property than what other investors have recently paid for comparable properties. None of the above

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