15 of 25 0 / 6.4 WN- View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Which of the following statements regard REITs is false? O Equity REITs make direct investments in rental and commercial property. O REITs must distribute 90 percent of taxable income to shareholders each year. O Unlike UITs, REITs have a limited life span. REITs are a type of closed-end investment company. Save for Later Attempts: 1 of 2 used Submit Answer A6 of 25 O / 6.4 $5 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Bonds that are rated BBB or better by Standard & Poor's are referred to as O risk-free bonds. 0 junk bonds. O recession-proof bonds. O investment-grade bonds. Save for Later Attempts: 1 of 2 used 11 onS O/6.4 iE View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. For preferred stock investors, the most important risk is the volatility of O the stock market. 0 the issuer's earnings. O the real estate market. O interest rates. Save for Later Attempts: 1 of 2 used 14 of 25 0 / 6.4 E View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Which fund structure does not allow for the daily creation and redemption of shares by the issuer or its trustee? Unit investment trust Exchange-traded fund O Open-end fund O Closed-end fund Save for Later Attempts: 1 of 2 used Submit Answer >9 0f 25 O / 6.4 1:5 View Policies Show Attempt History Current Attempt in Progress 8 Your answer is incorrect. Bond rating agencies grade the lowest risk bonds as O low-yield bonds. O investment'grade bonds. O speculative-grade bonds. 0 junk bonds. Save for Later Attempts: 1 of 2 used 10 of25 O/6.4 E View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Who must be paid by an issuing company before preferred stockholders can be paid their dividends? O Bondholders 0 Common stockholders O Convertible preferred stockholders O Callable preferred stockholders Save for Later Attempts: 1 of 2 used 16of25 0/6.4 E View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Which of the following statements is false regarding exchange-traded funds? 0 Many exchange~traded funds are designed to be index funds. O Excha nge-traded funds are an example of a closed-end fund. 0 Share prices on an exchange-traded fund are determined by market forces. 0 All of the choices are true. Save for Later Attempts: 1 of 2 used a 11]