You Are Considering Purchasing Shares in a Typical Mutual Fund

question 11

Multiple Choice

You are considering purchasing shares in a typical mutual fund that has three classes of shares outstanding: Class A,Class B,and Class C. If you purchase Class C shares,you will pay

• A)a back-end load and no 12b-1 fees.
• B)a front-end load and a small 12b-1 fee,but eventually your shares will be converted to Class A shares.
• C)no front-end load but a back-end load.
• D)a back-end load and full 12b-1 fees.

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Definitions:

Lakes

Large bodies of water surrounded by land, usually freshwater and derived from glacial activity, tectonic movements, or old river beds.

Snake River Plain

A geographic feature in the U.S. characterized by a wide, flat valley cutting through Idaho, known for its volcanic geology.

Groundwater

Water that is located beneath the earth's surface in soil pore spaces and in the fractures of rock formations.

Huge Springs

Large natural outlets where groundwater flows out of the ground, often the result of an aquifer being filled to the point that the water overflows onto the land surface.