You Are Considering Purchasing Shares in a Typical Mutual Fund

You are considering purchasing shares in a typical mutual fund that has three classes of shares outstanding: Class A,Class B,and Class C. If you purchase Class C shares,you will pay

A) a back-end load and no 12b-1 fees.
B) a front-end load and a small 12b-1 fee,but eventually your shares will be converted to Class A shares.
C) no front-end load but a back-end load.
D) a back-end load and full 12b-1 fees.
E) a front-end load and full 12b-1 fees.

Correct Answer:

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