Thanks for the quick reply!

To confirm my understanding:

 - I want to distribute my program which would be 'bundled' with a specific
version of mono
 - I would need to distribute it with the mono runtime source code
 - I would need to allow the client to modify and recompile the mono runtime
and to use their modded version of the runtime to host my application
 - I would not need to distribute the source code for my application
(distribution would be via binaries)
 - I would not need to allow access in any way to my proprietary source
code, unless I choose to
 - I can charge for a license to use my application

Is this a correct analysis of the license?

Thanks for your time! 
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