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    Financial Markets and Institutions Study Set 7
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    Exam 23: Mutual Fund Operations
  5. Question
    A Mutual Fund's Expense Ratio Represents the ____ Divided by the Fund's
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A Mutual Fund's Expense Ratio Represents the ____ Divided by the Fund's

Question 2

Question 2

Multiple Choice

A mutual fund's expense ratio represents the ____ divided by the fund's ____.


A) annual fees charged to investors; 12b-1 fees
B) annual fees charged to investors; net asset value
C) initial sales charge (load) ; 12b-1 fees
D) initial sales charge (load) ; net asset value

Correct Answer:

verifed

Verified

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