Which of the following statements about real estate investment trusts is true?
A. REITs invest in real estate or loans secured by real estate.
B. REITs raise capital by borrowing from banks and issuing mortgages.
C. REITs are similar to open-end funds, with shares redeemable at NAV.
D. REITs invest in real estate or loans secured by real estate and raise capital by borrowing from banks and issuing mortgages.
E. All of the options are true.
A. REITs invest in real estate or loans secured by real estate.
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The one who is to receive the specified amount of money in a note is called the
a. maker of the note; b. payee of the note; c. discounter of the note; d. endorser of the note; e. cosigner of the note
Under IFRS, assets and liabilities appear in the statement of financial position in order of decreasing closeness-to-cash
Indicate whether the statement is true or false
Reed owns one share of stock in SK8 Boards Corporation, as evidenced by a stock certificate. Reed loses the certificate. Reed's ownership of the stock is
a. forfeited immediately. b. forfeited within ten days of a third party's claim to ownership. c. forfeited within thirty days if she cannot find the certificate. d. not affected.
To effectively collect on a loss when filing a homeowner's claim, the first step should be
A) to make temporary repairs to protect your property. B) confirm the adjuster's estimate. C) make a detailed list of everything lost or damaged. D) maintain records of the insurance settlement process, especially expenses. E) report your loss to your insurance agent, and the police if applicable.