What is the difference between mutual funds' class A, B, and C shares? O A. The timing and amount of the "load" B. The level of 12b-1 fees O. Both A and B O D. A and B shares are open-ended while C shares are closed-ended

What is the difference between mutual funds' class A, B, and C shares? O A. The timing and amount of the "load" B. The level of 12b-1 fees O. Both A and B O D. A and B shares are open-ended while C shares are closed-ended

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 1LO

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Question

What is the difference between mutual funds' class A, B, and C shares?
O A. The timing and amount of the "load"
B. The level of 12b-1 fees
C. Both A and B
O D.A and B shares are open-ended while C shares are closed-ended

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