Section 1: Five (5) Multiple-Choice Questions (5 marks -1 mark each) Highlight AND underline your response. 1) Leo has never invested before yet after his thorough research of mutual funds and their Fund Facts, he is ready to invest. His chequing and savings accounts are already with the Royal Bank of Canada (RBC), so it was easy to open a Tax-Free Savings Account (TFSA) with them and to look at purchasing one of their mutual funds. He has $300 in his savings account which he will transfer into his TFSA to make his initial purchase in the mutual fund RBC Global Technology Fund Series A. Thereafter, he wants to arrange for automatic withdrawals from his chequing account of $25 on each pay day (he is paid semi-monthly, on the 1st and the 15th of each month). Which statements are incorrect? Under the fund's requirements, Leo has the minimum investment amount to buy into the fund and to continue making subsequent purchases 1. This fund is a no load fund II. III. IV. V. VI. VII. The sector allocation is 100% equity holdings in the Information Technology and Communications Services Top holding is Microsoft Management Expense Ratio is 2.50% Medium risk fund This fund had its best return of 56.1% in February 2024 and its worst return in November 2008 of -36.5% a) I, II, III and V b) Ill and V c) II, VI and VII d) II, III, V and VI e) I, IV and VII