If Rebecca's mutual fund has a sales charge schedule saying that if the fund is sold within the first year,the sales charge is 6 percent and if it is sold in the third year,the sales charge becomes 4.5 percent,Rebecca's mutual fund has a

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Rebecca's mutual fund has a declining redemption schedule, meaning that the sales charge decreases over time. In this case, the sales charge is 6 percent if sold within the first year and 4.5 percent if sold in the third year. This is a common feature of front-end load mutual funds, where investors pay a sales charge upfront that decreases over time.

If Rebecca's Mutual Fund Has a Sales Charge Schedule Saying