A 1 to 6 percent fee that investors pay when they withdraw their investment from a mutual fund is called a(n)

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A 1 to 6 percent fee that investors pay when they withdraw their investment from a mutual fund is called a contingent deferred sales load (also known as a back-end load). This fee is assessed as a percentage of the amount withdrawn and is intended to deter short-term trading and encourage long-term investment in the fund.

A 1 to 6 Percent Fee That Investors Pay When