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16. What is a 12b1 fee? Suppose you have a choice between a load fund with no annual 12b1 fee and a no-load fund with

16. What is a 12b1 fee? Suppose you have a choice between a load fund with no annual 12b1 fee and a no-load fund with a maximum 12b1 fee. How would the length of your expected investment horizon, or holding period, influence your choice between these two funds?

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