Melanie Davis Is Getting Ready to Purchase Shares in a Mutual

question 25

Multiple Choice

Melanie Davis is getting ready to purchase shares in a mutual fund.The fund will charge her a sales charge only if she redeems her shares within a stated period of time.What type of shares is she buying?

• A)Class A
• B)Class B
• C)Class C
• D)Either class A or B
• E)Either class B or C

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Definitions:

Business Automobile

A vehicle owned and used by a company for business operations or activities.

Market Value

The current price at which an asset or service can be bought or sold, determined by supply and demand dynamics in open markets.

Market Value

The current market valuation at which you can buy or sell a service or asset.

List Price

The advertised or published price of a product or service before any discounts, allowances, or rebates are applied.