When investors switch between funds within the same fund family, mutual funds may chargeSelect one:O a. 12b-1 fees.O b. a redemption fee.O c. a contingent deferred sales charge.d. an account maintenance fee.e. an exchange fee.

Investors switch the mutual funds to increase the return on the investment but mutual fund charges…

Answered: elect one: O a. 12b-1 fees. O b. a…

elect one: O a. 12b-1 fees. O b. a redemption fee. O c. a contingent deferred sales charge. O d. an account maintenance fee. O e. an exchange fee.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 2LO

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

When investors switch between funds within the same fund family, mutual funds may charge
Select one:
O a. 12b-1 fees.
O b. a redemption fee.
O c. a contingent deferred sales charge.
d. an account maintenance fee.
e. an exchange fee.

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