Many Exceptions Exist, but the Average Load Charge for Mutual

question 81

Multiple Choice

Many exceptions exist, but the average load charge for mutual funds is

• A) 0%.
• B) 2%.
• C) 3-5%.
• D) 8.5%.
• E) 11.5-14.5%.

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Definitions:

Good Faith

An honest intent to act without taking an unfair advantage over another person in a transaction.

Chapter 13

A form of U.S. bankruptcy allowing individuals earning regular income to develop a plan to repay all or part of their debts over time.

Debtor

A party that has a financial obligation or debt to another party, referred to as the creditor, within a commercial transaction.

Automatic Stay

A legal provision that halts proceedings and lawsuits against a debtor immediately upon the filing of a bankruptcy petition.