1.) It is true that in land speculation that the

a. longer the interim holding period, the higher the potential annual return

b. longer the interim holding period, the lower the potential annual return

c. larger the parcel of ground, the easier it is to sell

d. larger the parcel of ground, the less its location influences its value

When analyzing the potential economic return on a vacant land investment, which of the following costs are often overlooked?

a. carryback interest rate

b. purchase closing costs

c. opportunity costs during the holding period

d. sales closing costs