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Which of the following statements regard REITs is false? Equity REITs make direct investments in rental and commercial property. Unlike UITS, REITs have a limited

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Which of the following statements regard REITs is false? Equity REITs make direct investments in rental and commercial property. Unlike UITS, REITs have a limited life span. REITs are a type of closed-end investment company. REITS must distribute 90 percent of taxable income to shareholders each year

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