A Mutual Fund Has the Following Share Characteristics: Shares Are

question 10

Multiple Choice

A mutual fund has the following share characteristics: Shares are offered at the NAV with no front-end load, a 12b-1 fee of 1 percent is charged, a back-end load of 1 percent is charged only if the shares are sold by the investor within one year of purchase, and the shares do not convert to any other class of shares.These shares would be classified as

• A)Class A shares.
• B)Class B shares.
• C)Class C shares.
• D)Class D shares.
• E)either Class A or Class C shares.

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Definitions:

Antibodies

Proteins produced by the immune system to neutralize or destroy foreign substances like bacteria and viruses.

Immune Function

The activities performed by the immune system to protect the body against disease-causing organisms and substances.

Antigens

Substances that the immune system recognizes as foreign or dangerous, eliciting an immune response, often found on pathogens or produced by them.

Leukocytes

White blood cells, part of the immune system, involved in protecting the body against both infectious disease and foreign invaders.