Jefferson Davis Has Invested in Something That Acts Like a Mutual

question 56

Multiple Choice

Jefferson Davis has invested in something that acts like a mutual fund and that invests in properties all over the country. He knows there are federal laws that require this type of investment to distribute at least 90 percent of the income to shareholders and that requires there be at least 100 shareholders. What type of investment has Jefferson made?

• A) Foreclosures
• B) REITs
• C) Limited partnerships
• D) Participation certificates
• E) Direct investment

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Definitions:

Conviction

A firmly held belief or opinion, or the process of being declared legally guilty of an offense by the verdict of a jury or the decision of a judge.

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Informant

An informant is a person who provides confidential information or intelligence, especially to the police or other authority.

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A change in which the form of matter is altered but one substance is not transformed into another.