An Open-End Mutual Fund May Do All of the Following

question 41

Multiple Choice

An open-end mutual fund may do all of the following except

• A)charge no fee to buy or sell shares.
• B)charge a fee to buy but not sell shares.
• C)charge a fee to sell but not buy shares.
• D)charge a fee to both buy and sell shares.

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Definitions:

Lock Up

To confine someone or something securely, often used in the context of imprisonment.

New Recruits

Individuals who have newly joined an organization, institution, or the armed forces, often undergoing training and orientation.

Rehabilitation

The process of restoring someone to health or normal life through training and therapy after incarceration, addiction, or illness.

Law-abiding

Adhering to and respecting established laws and regulations.