Finra Exam Series-6 Topic 7 Question 49 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 49
Topic #: 7

The MaxFee Mutual Fund has a front-end load of 8.5%. If its net asset value (NAV) per share is currently $32, for what price can an investor buy shares of the fund? (Round your answer to the nearest cent.)

A$29.49

B$34.97

C$34.72

D$29.28

Show Suggested Answer

Suggested Answer: B

The true statement is that reinvested dividends and capital gain distributions count toward reaching a breakpoint under the rights of accumulation. The rights of accumulation are not something that all mutual funds with front-end loads must offer. There is no time limit on the accumulation period. The rights of accumulation and the letter of intent are two separate animals; neither has anything to do with the other.

by Malcolm at Oct 11, 2022, 04:58 PM

Limited Time Offer

25%

Off

Get Premium Series-6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Floyd

5 days ago

I think the answer is A) $29.49.

upvoted 0 times

...