Vilfredo is considering buying a house for $220,000 and renting it out for $2,000 per month. If the price suddenly jumps to $250,000, Vilfredo's expected yearly rate of return will:
A. remain unchanged, as the house price and the rate of return are independent of each
other.
B. be 13.6 percent.
C. fall from 9 percent to 8 percent.
D. fall from 10.9 percent to 9.6 percent.
D. fall from 10.9 percent to 9.6 percent.
Economics
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If the change in the y-axis variable is 4 and the change in the x-axis variable is 2, the slope of this line is 1/2
Indicate whether the statement is true or false
Economics
The above figure shows a competitive firm's demand for labor assuming that the firm's output sells for $1 per unit. If the wage is $5 per hour, the firm will hire
A) 10 units of labor per hour. B) 5 units of labor per hour. C) 2.5 units of labor per hour. D) 0 units of labor per hour.
Economics