The Average Upfront Sales Charge for the Purchase of a No-Load

question 13

Multiple Choice

The average upfront sales charge for the purchase of a no-load mutual fund is

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

---

Definitions:

Shareholder Manager

An individual who both owns shares in a corporation and actively manages or participates in its governance and operations.

Annual Franchise Fee

A fee paid by franchisees to franchisors, typically on an annual basis, for the right to continue operating under the franchisor's brand and system.

Good Standing

A status indicating that an entity or individual is up-to-date with the fulfillment of legal, financial, or administrative obligations.

Annual Dividend

An annual dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits on a yearly basis.