Five years ago you purchased a 5 percent front-end load fund that is now worth $19 500. You are selling it because you have a large gain. What are the proceeds of the sale?

Question

Quizplus · Accepted Answer

The proceeds of the sale are the current value of the fund, which is $19,500. The front-end load was already paid at the time of purchase, so it does not affect the sale proceeds.

Five Years Ago You Purchased a 5 Percent Front-End Load