1. Shifting risk to tenants:

A) is unethical, and often illegal.

B) can be done with private mortgage insurance.

C) results in higher effective gross rents.

D) can be done with net leases, tax stops, and rent escalator clauses.

2. An expression of risk estimates based upon the analyst's impression of the risky nature of the cash flows is:

A) an objective probability distribution.

B) a subjective probability distribution.

C) a mean/standard deviation model.

D) none of the above.