Examlex
A smartphone user entered an incorrect passcode on his phone several times in a row, which locked the device.
Which of the following steps should the user take first?
Front-end Load
A fee or commission charged to an investor at the time of initial purchase of an investment, such as a mutual fund or insurance product, usually a percentage of the investment amount.
Expense Ratio
The annual fee that mutual funds, ETFs, and other managed portfolios charge their shareholders, expressed as a percentage of assets under management.
Mutual Fund
A pooled investment fund that gathers resources from several investors to place into various investment options such as stocks, bonds, and money market instruments.
Front-end Load
A fee paid by an investor at the time of entering a fund, such as a mutual fund, which is typically used to cover the fund's sales and marketing costs.
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