Question 18 (1 point) Consider the following statement: In an efficient/competitive market, tax shelters will NOT be capitalized into property values. The statement is true because tax-loss sheltering cannot increase the level of returns above the level without sheltering, The statement is false because, in an efficient/competitive market, tax shelters will be capitalized into property values O The statement is true because acquisition prices would rise by an amount equal to the present value of the tax shelter. The statement is false because major market participants are sufficiently informed of tax shelters. Previous Para Next Page Page 18 of 28