d. 1,182,203 e. 6,555,400 Which of the following statements about real estate investment trusts is true? a. REITS invest in real estate or loans secured by real estate. b. REITS raise capital by borrowing from banks and issuing mortgages. c. REITS are similar to open end funds, with shares redeemable at NAV d. REITS invest in real estate or loans secured by real estate and raise capital by borrowing from banks and issuing mortgages. e. All of the options above are true. f. None of the above. 13. Differences between hedge funds and mutual funds are that: Hedge funds are only subject to minimal SEC regulation. Hedge funds are typically open only to wealthy or institutional investors. Hedge fund managers can pursue strategies not available to mutual funds such as short selling, heavy use of derivatives and high leverage amounts. Hedge funds are commonly structured as private partnerships. All the above. a. b. c. d. e