Melinda Wants to Withdraw Some Money from Her Mutual Fund

question 46

Multiple Choice

Melinda wants to withdraw some money from her mutual fund. She has a minimum asset value of $10,000. Which of the following is not an option available for her to systematically withdraw some money?

• A) Withdraw a specified, fixed dollar amount each investment period until the fund has been exhausted
• B) Sell off a certain number of shares each investment period
• C) Withdraw a fixed percentage of asset growth
• D) Withdraw all income dividends and capital gain distributions earned in an investment period
• E) Withdraw all principal and leave interest dividends and capital gain distributions in the account