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F. Indicate Whether the Following Are True or False 1. A fund that posts a return that is higher than the return on a comparable index is said to have outperformed its benchmark. 2. Open-end mutual funds redeem units anytime except in unusual circumstances. 3. Equity mutual funds are a good short-term investment because they can be redeemed anytime. 4. Mutual funds are sold through a simplified prospectus. 5. With open-end trusts, dividends, interest, and capital gains are taxed within the trust. 6. NAVPS is calculated at the opening of the market each day 7. Trading and brokerage costs are included in the calculation of the MER. 8, Mutual funds may own no more than 20% of a company's voting stock. 9. NI 81-102 allows the use of derivatives to minimize overall portfolio risk. 10. The MFDA regulates the distribution side of the mutual funds industry