Which of the following statements is false? Multiple Choice Income dividends are taxable. The only way to make money on a mutual fund is by selling shares at a higher price than was initially paid for them. O Income dividends are the earnings that a fund pays to shareholders from its dividend and interest income. Capital gain distributions are the payments made to a fund's shareholders that result from the sale of securities in the fund's portfolio. The purpose of investing in a closed-end fund, exchange-traded fund or open-end mutual fund is to earn a financial return. Melanie Davis is getting ready to purchase shares in a mutual fund. The fund will charge her a one-time back- end load fee only if she redeems her shares within a stated period of time (usually 5 years). What type of shares is she buying? Multiple Choice Class B Class A Either class B or C Class C Either class A or B