A Back-End Load Fund Has

question 64

Multiple Choice

A back-end load fund has:

• A)no charge upon purchase, but a fixed charge upon sale.
• B)a smaller charge on purchase, and another small charge again on sale.
• C)no charge upon purchase, and a declining charge, based on time owned, on sale.
• D)Two of the above

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Definitions:

Tid

An abbreviation for "ter in die," a medical term meaning three times a day, usually in the context of prescribing medication.

Bid

An offer made by an individual or entity to buy something.

Prn

An abbreviation for "pro re nata," a Latin phrase meaning "as needed"; often used in prescriptions to indicate that medication should be taken as required.

Tincture

A solution where a solute is dissolved into alcohol, used primarily in medicine or herbalism.