When an Investor Purchases Shares in a Load Fund, the Average

question 3

Multiple Choice

When an investor purchases shares in a load fund, the average sales charge is usually between ____________ percent.

• A) 0.5 to 2
• B) 1 and 3
• C) 3 and 5
• D) 5 and 7
• E) 4 and 6

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Definitions:

Bilateral Contract

A legal agreement in which both parties make promises to perform certain actions or obligations.

Unilateral Contract

An agreement where one party makes a promise in exchange for an act by another party, becoming binding once the act is performed.

AIG

American International Group, Inc., a multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

Liquidated Debt

A debt for which the exact monetary value has been determined and acknowledged by all parties involved.