Another Name for a Mutual Fund That Doesn't Levy a Sales

question 45

Multiple Choice

Another name for a mutual fund that doesn't levy a sales charge,but does charge an ongoing higher 12b-1 fee is a class ________ fund.

• A)A
• B)B
• C)C
• D)D
• E)E

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Definitions:

Future Amount

The projected value of a current asset or amount of money at a specified future date, taking into account factors like interest or growth rates.

Present Value

The current valuation of future money or cash flow series, factoring in a predetermined interest rate.

Annual Payments

Regular payments made once a year, often referred to in the context of loans, annuities, or insurance policies.

Interest Rate

The percentage charged on a loan or paid on an investment over a specific period of time, often annually.