A front-end loan mutual fund plan is most suitable for:
A)a voluntary accumulation plan
B)a contractual plan
C)an automatic withdrawal plan
D)an optional withdrawal plan

Question

Quizplus · Accepted Answer

a contractual plan. The other choices are not suitable. In a voluntary accumulation plan, the load is level. In an automatic withdrawal plan, the load is front-end because the bulk of the sales charge is taken early in the life of the plan.

A Front-End Loan Mutual Fund Plan Is Most Suitable For