Question: 16. Which statement about management fee is TRUE? a. Management fee is not related to fund performances b. A no-load fund is one that doesn't

16. Which statement about management fee is TRUE? a. Management fee

16. Which statement about management fee is TRUE? a. Management fee is not related to fund performances b. A no-load fund is one that doesn't charge management fee c. Management fees cannot be more than 8.5% of the public offering price d. Maximum management fees are set under the Investment Company Act of 1940

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