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 come with an upfront sales commission, also known as a front-end load. These shares often have lower ongoing fees than other classes and may offer discounts for larger investments. Class B and C shares may also have sales commissions, but they typically have higher ongoing fees and may have other fees or penalties if sold too soon.

Will Hopkins Is Getting Ready to Purchase Shares in a Mutual