Examlex
What is the present value of the following cash flow stream at a rate of 10.0%?
Front-end Load
A fee charged to investors when they purchase shares in a mutual fund, usually used to compensate brokers or sales agents.
Back-end Load
A fee charged to investors when they redeem shares from a mutual fund, typically used to compensate financial advisors.
Annual Fees
Regular charges imposed once a year for the use of a service or the participation in an investment or credit facility.
12b-1 Fee
A fee charged by mutual funds to cover distribution and marketing expenses, included in the fund's expense ratio and paid by its shareholders.
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