The duration of the Rojas University fixed-income portfolio in Exhibit 1 (Ch.11) is closest to:

Property tax revenue is used to pay for all of the following EXCEPT

a. schools. b. police protection. c. Medicare and Medicaid. d. community parks.

To an appraiser, a definition of value is:

A: A relationship between desirous persons and things desired; B: The ability of one commodity to command other commodities in exchange; C: The present worth of future benefits arising out of ownership of a property; D: Any of the above.