Which of the Following Types of Mutual Fund Shares Typically

question 10

Multiple Choice

Which of the following types of mutual fund shares typically do not charge a front-end sales charge but do impose a redemption fee that declines over time?

• A) Class A shares
• B) Class B shares
• C) Class C shares
• D) Class D shares

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Definitions:

Double Rule

A method used in accounting to underline a summary amount twice to indicate a total, final, or especially significant figure.

End-Of-Period Spreadsheet

A comprehensive document or tool used to compile accounting information before finalizing financial statements, aiding in the review and adjustment of account balances.

Total

This refers to the sum or aggregate amount of any given set of numbers or measures.

Columns Balance

The process of verifying that the sum of debit values equals the sum of credit values in an accounting system, ensuring accuracy in records.