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Which one of the following is NOT a characteristic of real estate investment trusts (REITs)? A) They must derive at least 60% of gross income
Which one of the following is NOT a characteristic of real estate investment trusts (REITs)?
A)
They must derive at least 60% of gross income from rents.
B)
Most of the market capitalization of REITs is in equity REITs.
C)
They are like closed-end investment companies.
D)
Shares are generally traded like other stocks.
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