One Characteristic of 12(b)-1 Charges Is That They Are Payable

question 84

Multiple Choice

One characteristic of 12(b) -1 charges is that they are payable

• A)only in years that the mutual fund shows an increase in net asset value.
• B)each year regardless of the performance of the mutual fund.
• C)only during the first year the fund is owned.
• D)only when shares in the fund are sold.

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Definitions:

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