Question
Identify how redemption fees are charged for deferred sales charge funds. Fee is charged at redemption that declines as the holding time increases.
Identify how redemption fees are charged for deferred sales charge funds.
• Fee is charged at redemption that declines as the holding time increases.
• Fee is "bundled" as part of the annual management fee.
• Fee is deducted at purchase and refunded after one year's holding period.
• Flat fee is charged at redemption.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
