An exit fee has the same impact of
A)a load fee of the same percentage
B)a 12b-1 fee with the same percentage
C)commissions paid by a mutual fund to buy securities
D)management fees

Question

Quizplus · Accepted Answer

An exit fee, which is charged when an investor sells shares, has a similar impact to a load fee of the same percentage, which is charged when an investor buys shares. Both fees directly affect the cost of investment in a mutual fund by reducing the amount of the investment or the returns.

An Exit Fee Has the Same Impact of