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Basic Question 5 of 15

The commission deducted from a shareholder's contribution when shares of an open-end fund are purchased is called the ______.

A. management fee
B. front-end load
C. 12(b)-1 fee
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User Contributed Comments 1

User Comment
10425406 front end load is when the investor is purchasing the shares
back end is when the investor is redeeming the shares
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

describe mutual funds and compare them with other pooled investment products

CFA® 2024 Level I Curriculum, Volume 6, Module 3.