To Be a True No-Load Fund,there Can Be a Maximum

question 110

Multiple Choice

To be a true no-load fund,there can be a maximum ____ load and a maximum ____ 12(b) -1 fee.

• A)0%; 0.00%
• B)0%; 0.25%
• C)0%; 1.00%
• D)3%; 0.25%
• E)3%; 1.00%

---

Definitions:

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Network Design

The planning and optimization of a network's physical, financial, and operational capacities to achieve desired objectives.

Marginal Benefit

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Flexibility

The ability of a system, process, or entity to adapt effectively to changes or variability in its environment or operation.