please answer the following multiple choice questions:

13. Depreciated Net Book Value on a REIT's Balance Sheet, (Original Cost less accumulated depreciation), and other Assets shown at Cost on REIT's balance sheets, are not good indicators contributing to an evaluation of the Company' 5 market value because a. d. e. Book value measures the historical cost of property acquisitions which is depreciated under GAAP accounting and is not necessarily correlated to the market real estate values A significant contributor to RE values is scarce and well located land which should appreciate in value over time but is shown at cost on the balance sheet As RE rents and cash flows generally increase over long time periods, well maintained RE assets should continue to increase in value, not depreciate as depicted on balance sheets RE mortgage secured financings are based on objective, independent professional [MAI Appraisals) which do not consider book value as a reliable proxy for a value measurement All of the above 14. For shadow anchored retail centers, the term shadow anchor is best described as: a. An anchor which owns and controls its own real estate located in a center owned by another investor Anchors which face a westerly direction and cast a long shadow across the mall when the sun sets A mall where a lead anchor has left, and continues to pay rent on the vacant store per its lease contract An anchor whose credit has deteriorated and no longer is creating the customer trafc as expected An anchor situated on the 2'\"1 story or basement of a center designed to attract customers to another area of the center