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56) a. Why are REITs (= Real Estate Investment Trusts) able to pay dividends that exceed their Net Income? This is nonsense, this is not

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56) a. Why are REITs (= Real Estate Investment Trusts) able to pay dividends that exceed their Net Income? This is nonsense, this is not possible. b. Because rental income of real estate is high and stable. Because they follow the Residual Dividend Model. d. Because the Bird-in-Hand Clientele demands it. e. Because they have high amounts of depreciation. C

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