A Load Fund Is Allowed to Collect a Sales Charge

question 14

Multiple Choice

A load fund is allowed to collect a sales charge (commission) as high as

• A) 0%.
• B) 2%.
• C) 3-5%.
• D) 8.5%.
• E) 11.5%.

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Definitions:

Fresh Fruit

Unprocessed fruit, in its natural state, often consumed for its nutritional value.

Registration Statement

A set of documents, including financial statements and a prospectus, filed with the Securities and Exchange Commission (SEC) for a company seeking to issue publicly-traded securities.

Prospectus

An official document that companies must publish when offering securities for sale to the public, detailing the investment's risks, objectives, and financial statements.

Securities Exchange Act

A U.S. law governing the trading of securities, aimed at protecting investors through transparency and fairness.