You Are Considering Purchasing Shares in a Typical Mutual Fund

question 14

Multiple Choice

You are considering purchasing shares in a typical mutual fund that has three classes of shares outstanding: Class A,Class B,and Class C. If you purchase Class C shares,you will pay

• A)a back-end load and no 12b-1 fees.
• B)a front-end load and a small 12b-1 fee,but eventually your shares will be converted to Class A shares.
• C)no front-end load but a back-end load.
• D)a back-end load and full 12b-1 fees.
• E)a front-end load and full 12b-1 fees.

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Definitions:

Mental Disorders

A broad range of conditions affecting mental health that can impact thinking, feeling, mood, and behavior, often requiring clinical diagnosis and management.

Counseling Psychologist

A professional specializing in the facilitation of personal and interpersonal functioning across the lifespan with a focus on emotional, social, vocational, educational, health, developmental, and organizational concerns.

Physiological Psychologist

A specialist who studies the biological basis of behavior, including how the brain and nervous system influence thoughts, feelings, and actions.

Double-Blind Study

A research experiment in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.