ProductsCâu 5 / 110
Under FINRA rules, an open-end fund may impose the maximum permitted sales charge of 8.5% only if it offers which combination of features?
a.A no-load share class, quarterly dividends, and daily liquidity
b.A guaranteed minimum return, breakpoints, and monthly statements
c.Breakpoints, rights of accumulation, and reinvestment of dividends at net asset value
d.Rights of accumulation, a letter of intent, and a contingent deferred sales charge
Giải thích
FINRA conditions the 8.5% maximum on the fund giving investors quantity discounts (breakpoints), rights of accumulation, and the ability to reinvest distributions at NAV; a fund lacking any of these must charge less. No fund may guarantee a return, and offering a no-load class is not a condition of charging a load. A letter of intent and a CDSC are optional features, not the required trio.
Trích dẫn luật: FINRA Rule 2341 (Investment Company Securities)Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A customer calls at 11:00 a.m. and places an order to buy shares of a mutual fund that prices its portfolio once daily at the close of the market. Which price will the customer receive?
- A mutual fund has a net asset value of $9.30 per share and a sales charge of 7% of the public offering price. What is the public offering price?
- A fund's public offering price is $12.50 and its net asset value is $11.50. What is the sales charge percentage?
- A customer wants to invest $24,000 in a fund whose next breakpoint occurs at $25,000. The representative processes the $24,000 order without mentioning the breakpoint. This conduct is best described as:
- Which statement about a letter of intent (LOI) for mutual fund breakpoints is correct?
- Rights of accumulation differ from a letter of intent in that rights of accumulation:
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