Question $1$

$2\mathrm{.}5$ pts

What do REITs have the incentive to do if its stock price exceeds its NAV by a significant amount?

Buy more properties

Sell some existing properties

None of these are correct

Don't do anything, wait for more information

Question $2$

$2\mathrm{.}5$ pts

A $1031$ like kind exchange does not defer the economic gain portion of taxes due on sale.

A $1031$ like kind exchange does not defer the deprecation recapture portion of taxes due on sale.

False, True

False, False

True, True

True, False