When Lauren purchased shares in a mutual fund, she was charged a 5% fee at the time of the purchase. This is what kind of fee?

Name: When Lauren purchased shares in a mutual fund, she was charged a 5% fee at the time of the purchase. This is what kind of fee?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A front-end load is a charge applied at the time of the initial purchase of an investment, which is exactly what was described in the scenario with Lauren being charged a 5% fee at the time of her mutual fund purchase.

When Lauren Purchased Shares in a Mutual Fund, She Was