Which of the Following Observations Is True of a No-Load

question 56

Multiple Choice

Which of the following observations is true of a no-load fund?

• A)Purchase is subject to a sales charge.
• B)Sales charges may be as high as 8.5 percent.
• C)They market shares of the fund directly to investors.
• D)They use sales agents.
• E)They have up-front commission charges.

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Definitions:

Mind-Altering Drugs

Substances that can significantly change a person's mood, perception, or brain function.

Emancipation

The legal process by which a minor gains the legal rights of an adult before reaching the age of majority, typically including the ability to enter into contracts and make medical decisions.

Capacity to Contract

The legal ability of a person to enter into a binding contract, typically requiring that the person is of a certain age and mentally competent.

Ratification

The formal approval or confirmation of an act or agreement, making it officially valid.