Which of the following statements regarding the "rights of accumulation" is true?
A) All mutual funds that have front-end loads are required to allow their shareholders rights of accumulation.
B) Reinvested dividends and capital gain distributions count toward reaching a breakpoint under the rights of accumulation.
C) A breakpoint must be reached within a 13-month period, at which point the accumulation period begins anew.
D) A letter of intent must be signed to activate the rights of accumulation.
Correct Answer:
Verified
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