12 Other things being equal, which of the following types of funds would you a rebred cient looking for a sleady stream of investment income? a) A high yield bond fund b) A preferred share dividend fund. c) A large cap equity fund d) A bottom-up equity fund 13. The haldings of a large-cap equity fund are very close to the market weightings of the sector's benchmark. hat strategy is the fund manager skely following? a) Closet indexing b) Passive indexing. c) Active alocation. d) Sector rotation. 14. Your clent is bullish on the market but wants the security of an annual interest payment and guaranteed principal amount. He has given you a list of securities he's considering. Which of these would you recommend? a) Split Shares b) Index-Linked GIC. c) Principal-Protected Notes d) Mortgage Backed Securities. 15. An investor has $1,000 to invest in a balanced fund. The fund charges a frant-end load of 4% of the invested amount. If the company has $4000,000 in assets. 1,000,000 in unis outstanding and $100,000 in labilities how many units would the ivestor receive at the time of purchase? (you must show your calculations) a) 248.1539 b) 246.5483 c) 256.41003 d) 268.6687 16. Why would a mutual fund investor be cautioned against purchasing a non-registered equity mutual fund just prior to year-end? a) Equity funds historically declne in value in December. b) Trailer fees pald at year-end reduce a fund's NAVPS c) A fund's NAVPS will rise if interest income is distributed to fund holders d) New fund hoiders are taxed on the full amount of any year-end capital gains distributions