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Suppose you are considering investing $10,000 in one of two mutual funds: A or B. Mutual fund A is a load fund that charges 5.00%,
Suppose you are considering investing $10,000 in one of two mutual funds: A or B. Mutual fund A is a load fund that charges 5.00%, 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 $10,000 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 compris y of employees of that mutual fund. True False
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