A Mutual Fund with a Back-End Load

question 21

Multiple Choice

A Mutual Fund with a back-end load

• A) charges only when you purchase the shares.
• B) cannot have a front-end load.
• C) will assess no annual management fees.
• D) pays you the NAV when you sell.

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Definitions:

Fluctuating Price

A price that changes frequently due to market conditions, demand, and supply.

Negotiated

Reached through discussion and compromise between parties, typically resulting in a formal agreement or contract.

Authorized

Having been given official permission or approval to perform a certain action or access certain information.

Shelter Principle

In commercial law, a rule that allows a person who acquires goods in good faith to retain them, even if the sale was not authorized by the owner.