问题如下：
What is the going-in capitalization rate of the property given below information?
选项：
A. 13%.
B. 9%.
C. 8%.
解释：
B is correct.
考点：going-in cap rate概念
解析： The going-in capitalization rate = discount rate – growth rate = 11%-2%=9%
请问什么是terminal cap rate？