Will Hopkins is getting ready to purchase shares in a mutual fund.He will have to pay an upfront sales commission to purchase these shares.What type of shares is he buying?

Question

Quizplus · Accepted Answer

Class A shares typically have upfront sales commissions, which can range from 2-5.75% of the investment amount. Class B and C shares, on the other hand, tend to have higher ongoing fees but no upfront sales charges. Since Hopkins will be paying an upfront sales commission, it is most likely that he is purchasing Class A shares.

Will Hopkins Is Getting Ready to Purchase Shares in a Mutual