QUESTION 7 Load funds do not normally charge management fees. True False QUESTION 8 In spite of lower fees, index funds underperform actively managed funds in most yoars. True False QUESTION 9 The conversion privilege on a mutual fund allows the investor to convert his shares back into cash equal to his original investment True False QUESTION 10 American-style options can only be exercised on their expiration dates. True False QUESTION 11 The main investment objective for most investors in sector funds is current income True False