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9. Including REITs in a portfolio containing S&P 500 securities produces diversi?cation bene?ts. Why?(a)(b) (c) Real estate investment returns are not subject to federal income

image text in transcribed 9. Including REITs in a portfolio containing S&P 500 securities produces diversi?cation bene?ts. Why?(a)(b) (c) Real estate investment returns are not subject to federal income taxes) Real estate investment returns are highly correlated with returns for stocks Real estate investment returns are not highly correlated with returns for stocks ((1 Real estate investment returns do not change much from year to year

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