Laurie purchased an equity fund that invests primarily in emerging small-cap companies. What type of distributions from the fund is she likely to receive? Capital gains. Dividends. Flow-through. Interest.

Rasik purchases units in a back-end load mutual fund at a NAVPS of $11 and after 3 years decides to sell his units at a NAVPS of $14. If the deferred sales charge is 4%, what is Rasik's redemption price (assuming the fund uses original NAVPS)? $10.56 $13.56 $13.44 $14.00

Randall has chosen to reinvest his mutual fund distributions in additional units instead to taking them in cash. All his distributions are in the form of dividends. Which statement is correct? He will be taxed on his distributions as a capital gain each year. He will be taxed on his distributions as a capital gain when the fund is sold. He will be taxed on his distributions as dividends when the fund is sold. He will be taxed on his distributions as dividends each year.