Which of the following statements regard REITs is false?
A) Unlike UITs, REITs have a limited life span.
B) Equity REITs make direct investments in rental and commercial property.
C) REITs are a type of closed-end investment company.
D) REITs must distribute 90 percent of taxable income to shareholders each year.
Correct Answer:
Verified
Q15: Which of the following is a characteristic
Q16: Which of the following statements is false
Q17: A unit investment trust (UIT) is an
Q18: Which of the following statements regarding unit
Q19: By law, a REIT must have a(n)
Q21: The primary objective of a growth fund
Q22: Growth and income funds are primarily invested
Q23: A mutual fund that is focused more
Q24: A mutual fund that invests in a
Q25: Sometimes called a hybrid fund, a _
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