Multiple Choice
Which of the following statements is NOT a feature of public unit trusts?
A) The four main classes of trusts are property, equity, mortgage and fixed interest trusts.
B) There was enormous growth in public unit trusts during the 1990s.
C) The majority of mortgages held by a mortgage trust are 'first' mortgages.
D) Property trusts are generally unlisted as they need notice to sell their physical assets.
Correct Answer:
Verified
Correct Answer:
Verified
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