The two principal types of REITs are equity trusts, which ________, and mortgage trusts, which ________.
A) invest directly in real estate; invest in mortgage and construction loans
B) invest in mortgage and construction loans; invest directly in real estate
C) use extensive leverage; distribute less than 95% of income to shareholders
D) distribute less than 95% of income to shareholders; use extensive leverage
Correct Answer:
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Q8: As of 2017, approximately _ of mutual
Q9: The NAV of which funds is fixed
Q10: As of 2017, approximately _ of mutual
Q11: Which of the following typically employ significant
Q12: Rank the following fund categories from most
Q14: The average maturity of fund investments in
Q15: A contingent deferred sales load is commonly
Q16: Which one of the following invests in
Q17: Management fees for open-end and closed-end funds
Q18: As of 2017, approximately _ of mutual
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