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Can you please explain this question? 21)Commercial Real Estate asset valuations are cyclical.In the U.S., since 1929, the worst 'bear markets' for CRE were characterized

Can you please explain this question?

21)Commercial Real Estate asset valuations are cyclical.In the U.S., since 1929, the worst 'bear markets' for CRE were characterized by:

a)Asset price declines of 30-45%

b)Market recovery periods of 6-8 years

c)Neither (a) nor (b)

d)Both (a) and (b)

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