According to NAREIT (Yungmann and Taube, 2001), property insurance coverage should be based on fair value, i.e., valuing assets at their current market values — actual, if available, or __________, if not.
A. comparative
B. previous
C. projected
D. theoretical
Answer:D
According to NAREIT (Yungmann and Taube, 2001), property insurance coverage should be based on fair value, i.e., valuing assets at their current market values — actual, if available, or __________, if not.
A. comparative B. previous C. projected D. theoretical