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5) A California based shopping mall REIT owns the following assets three malls worth a total of $600 m, a loan receivable in the amount
5) A California based shopping mall REIT owns the following assets three malls worth a total of $600 m, a loan receivable in the amount of $200 m secured by an office building located adjacent to one of the malls, cash of $100 m, and non-money market securities in a variety of clothing retailers worth $50 m. Does the REIT satisfy the 75% asset test?
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