17. The interest of the owner of leased property is called the:

a. owners prerogative.

b. royal leasing privilege.

c. leased fee.

d. none of the above.

18. What term refers to the repayment of capital return "of" the investment?

a. Usury

b. Reinvestment

c. Recapture

d. None of the above

19. In what type of capitalization does the appraiser analyze all of the anticipated cash flows over the life of the investment?

a. Direct

b. Yield

c. Liquid

d. All of the above

20. The reciprocal of the capitalization rate is called the:

a. multiplier.

b. factor.

c. anti-capitalization rate.

d. either a or b.