Products第 8 / 110 题
Rights of accumulation differ from a letter of intent in that rights of accumulation:
a.Require the investor to commit to future purchases within a stated period
b.Have no time limit and let existing holdings count toward the next breakpoint
c.Apply only to shares purchased with reinvested dividends
d.Eliminate the sales charge entirely on all future purchases
解析
Rights of accumulation allow the current value or total cost of shares already owned to be added to a new purchase so the combined amount reaches a breakpoint, and there is no deadline for using them. A letter of intent, by contrast, looks forward over 13 months. Rights of accumulation reduce, but do not eliminate, the sales charge and are not limited to reinvested shares.
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