To operate as a regulated investment company and enjoy the related tax benefits, a managed fund must annually distribute to its shareholders
A) all of its realised capital gains, interest and dividend income.
B) half of its realised capital gains, and interest and dividend income.
C) all of its realised capital gains, and at least 50 percent of its interest and dividend income.
D) none of its realised capital gains, but all of its interest and dividend income.
Correct Answer:
Verified
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A)
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Q20: Automatic reinvestment plans
A) are a good way
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