3. Expenses and management of mutual funds Suppose you are considering investing $20,000 in one of two mutual funds: A or B. Mutual fund A is a load fund that charges 3.00%, while mutual fund B is a no-load fund. If you invest in mutual fund A, your sales charge is $ This means that, of your initial $20,000 investment, your actual investment in the load fund is only $ . If you invest in mutual fund B, you incur a sales charge. True or False: The SEC requires that the board of any mutual fund is comprised primarily of employees of that mutual fund. O True O False 3. Expenses and management of mutual funds Suppose you are considering investing $20,000 in one of two mutual funds: A or B. Mutual fund A is a load fund that charges 3.00%, while mutual fund B is a no-load fund. If you invest in mutual fund A, your sales charge is $ This means that, of your initial $20,000 investment, your actual investment in the load fund is only $ If you invest in mutual fund B, you incur a sales charge. will not True or False: The SEC requires that the board of any mutual fund is comprised employees of that mutual fund. will O True O False