5-24 Class C Shares of a Mutual Fund Usually Convert

question 98

True/False

5-24 Class C shares of a mutual fund usually convert to Class A shares after some length of time which may be as long as 6 to 8 years.

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Definitions:

Price

Price is the amount of money expected, required, or given in exchange for something else, such as a product or service.

Prestige

The reputation or high standing of something or someone, often acquired through quality, achievements, or exclusivity.

Quality

The standard of something measured against other things of a similar kind; the degree of excellence of something.

Promotion

A marketing tactic that involves raising awareness of a brand, product, or service to increase sales or public visibility through various channels.