Question
You currently have $115,000 invested in your self-directed IRA. All $115,000 is invested in class A shares of mutual funds that are part of the
You currently have $115,000 invested in your self-directed IRA. All $115,000 is invested in class A shares of mutual funds that are part of the American Funds family. You are going to call your broker next week and invest an additional $4,000 into class A shares of the SMALLCAP World Fund. The ticker symbol for class A shares of this mutual fund is SMCWX.
A. What is the percentage sales charge that you will be charged?
B. Are Class A shares of SMCWX that are acquired through reinvestment of dividends or capital gain distributions subject to an initial sales charge?
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Accounting Information Systems Controls And Processes
Authors: Leslie Turner, Andrea B. Weickgenannt
1st Edition
0471479519, 9780471479512
