Answered: What type of individuals usually choose…

What type of individuals usually choose to buy into a mutual fund using a front-end load? Explain why it is not free to purchase a mutual fund even if it does not have a load.

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 1FPE

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What type of individuals usually choose to buy into a mutual fund using a front-end load? Explain why it is not free to purchase a mutual fund even if it does not have a load.

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