A Mutual Fund Has the Following Share Characteristics: Shares Are

question 10

Multiple Choice

A mutual fund has the following share characteristics: Shares are offered at the NAV with no front-end load, a 12b-1 fee of 1 percent is charged, a back-end load of 1 percent is charged only if the shares are sold by the investor within one year of purchase, and the shares do not convert to any other class of shares.These shares would be classified as

• A)Class A shares.
• B)Class B shares.
• C)Class C shares.
• D)Class D shares.
• E)either Class A or Class C shares.

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Definitions:

Performance Analysis

The practice of evaluating the efficiency, effectiveness, and performance of an organization, process, or employee.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue; the ratio of net sales to average assets.

Invested Assets

Assets acquired or invested in to generate revenue, growth, and profit for the business.

Financial Data

Quantitative information concerning the financial health, performance, and condition of a business or individual.