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a) How is an option contract used by land developers to mitigate their risk? b) In order to encourage home ownership, how does the Federal

a) How is an option contract used by land developers to mitigate their risk?

b) In order to encourage home ownership, how does the Federal Tax Law treat the taxation of capital gains realized from the sale of a homeowners personal residence?

c) List one other way the Federal Tax Law tries to encourage home ownership?

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