When planning to minimize mutual fund costs, which investment would appeal to a very long-term buy-hold investor?
A) No-load, 0.87 percent expense ratio
B) 6 percent front-end load, 0.43 percent expense ratio
C) 8 percent back-end load (reduces 1% per year) ; 0.45 percent expense ratio
D) 1 percent front-end load; 0.30 percent expense ratio
Correct Answer:
Verified
Q50: A no-load fund is a mutual fund
Q51: A mutual fund that does not charge
Q52: 12b-1 fees are charged to pay for
A)
Q53: Back-end loads generally decrease over time
A) in
Q54: Discovery Growth and Income fund has $600
Q56: A more actively managed mutual fund will
Q57: Which ETF would have the lowest expense
Q58: A fee charged to compensate sales professionals
Q59: Another term for back-end load is
A) distribution
Q60: Different share classes within a mutual fund
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