A lease where the lessee can purchase the asset at the minimum of its fair market value and a fixed price is called a:
A)$1.00 out lease.
B)fixed price lease.
C)fair market value lease.
D)fair market value cap lease.

Name: A lease where the lessee can purchase the asset at the minimum of its fair market value and a fixed price is called a: A)$1.00 out lease. B)fixed price lease. C)fair market value lease. D)fair market value cap lease.
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Question

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The Answer is D

A Lease Where the Lessee Can Purchase the Asset at the Minimum