What Are the Two Main Fees Associated with a Mutual

question 22

Multiple Choice

What are the two main fees associated with a mutual fund?

• A)Open- and closed-end fees
• B)Front and end load fees
• C)Expense ratios and loads
• D)Transaction fees and taxes

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Definitions:

Projections and Estimates

Forward-looking statements about future financial performance, often based on assumptions or expectations.

Prime Costs

The direct costs of manufacturing a product, specifically direct materials and direct labor.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product and are considered a variable cost.

Direct Labor

The cost of wages paid to workers directly involved in the production of goods or provision of services.