Given the following information, determine the value of having an additional bathroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below. Time sold Bathrooms Bedrooms Size Sale price Comparable 1 Comparable 2 Comparable 3 Comparable 4 Today 1 year ago Today 1 year ago 1 1 2 2 2 1 2 2 O $317 O$ 607 O$ 914 O$624 2700 sq. ft $2541 4750 sq. ft. $2848 2700 sq. ft $3165 2700 sq. ft. $3455

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A 13.

Subject:- finance 

Given the following information, determine the value of having an additional bathroom. Assume that the comparable
properties are similar in all other attributes besides those listed in the table below.
Time sold
Bathrooms
Bedrooms
Size
Sale price
Comparable
Today
1
2
2700 sq. ft
$2541
O$317
O $607
O$ 914
O$ 624
Comparable 2 Comparable 3 Comparable 4
1 year ago
1 year ago
1
2
1
2
4750 sq. ft.
$2848
Today
2
2
2700 sq. ft
$3165
2700 sq. ft.
$3455
Transcribed Image Text:Given the following information, determine the value of having an additional bathroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below. Time sold Bathrooms Bedrooms Size Sale price Comparable Today 1 2 2700 sq. ft $2541 O$317 O $607 O$ 914 O$ 624 Comparable 2 Comparable 3 Comparable 4 1 year ago 1 year ago 1 2 1 2 4750 sq. ft. $2848 Today 2 2 2700 sq. ft $3165 2700 sq. ft. $3455
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