Class C Shares of a Mutual Fund Usually Convert to Class

question 90

True/False

Class C shares of a mutual fund usually convert to Class A shares after some length of time which may be as long as 6 to 8 years.

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Definitions:

Capital Requirement

The amount of capital a bank or financial institution must hold to shield against financial risk and comply with regulatory standards.

Net Operating Working Capital

The difference between a company's current assets and its current liabilities, excluding interest-bearing debt.

Working Capital Policy

It refers to the strategy a company employs to manage its current assets and liabilities to ensure it has enough liquidity to run its operations efficiently.

Accounts Payable

Short-term financial obligations that a company owes to its suppliers or vendors for goods and services received.