1.Which of the following regarding net asset value (NAV) is TRUE?

Select one:

a.When market capitalization is greater than NAV, the REIT should acquire more properties

b.When market capitalization is less than NAV, cost of capital of the REIT is less than the yield of REIT properties

c.When market capitalization is greater than NAV, the REIT more vulnerable to takeovers

d.When market capitalization is greater than NAV, the REIT is sold at a discount