| When a mutual fund assesses a charge at the time of a purchase it is called a(n) ________load. A. front-end B. back-end C. redemption D. initial |
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| A. front-end Explanation This is described as front-end load which is a commission or sales charge that is applied to the initial deposit or investment towards mutual fund. This cuts the actual amount of money that goes to the investment product. Such compensation usually goes to the intermediaries. |
