All Classes of Mutual Fund Shares May Legally Charge an Annual

question 68

True/False

All classes of mutual fund shares may legally charge an annual 12b-1 fee.

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Definitions:

Evolutionary Stable Strategy

A strategy in a game theoretical model that cannot be invaded by any alternate strategy if it is adopted by a population.

Saints

Individuals recognized for their holiness, virtue, and often miraculous deeds within many religious traditions, revered and often canonized after death.

Crooks

Persons who are dishonest or engage in illegal activities.

Time-Discounted Profits

The present value of profits expected in the future, adjusted for the time value of money.