A load fund is allowed to collect a sales charge (commission)as high as

Question

Quizplus · Accepted Answer

Load funds typically have a sales charge, which is a commission paid to brokers or financial advisors. The maximum sales charge that a load fund can collect is 8.5%, which is the answer choice D. This high sales charge can significantly impact the performance of the fund, so investors should carefully consider if paying a sales charge is worth it for the potential returns. Options A, B, and C are not correct as they are lower than the maximum sales charge allowed for a load fund. Option E - 11.5% is not a valid option, since load funds cannot legally charge more than 8.5% as a sales charge.

A Load Fund Is Allowed to Collect a Sales Charge