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Section A (1 Mark)Which of the following statements about Real Estate Investment Trusts is/are true?

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Section A (1 Mark)

Which of the following statements about Real Estate Investment Trusts is/are true?

A.

REITs invest in real estate or loans secured by real estate.

B.

REITs raise capital by borrowing from banks and issuing mortgages.

C.

REITs are similar to open-end funds, with shares redeemable at NAV.

D.

Both A and B are true.

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