Identify how redemption fees are charged for deferred sales charge funds. Fee is charged at redemption

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Identify how redemption fees are charged for deferred sales charge funds.

• Fee is charged at redemption that declines as the holding time increases.

• Fee is "bundled" as part of the annual management fee.

• Fee is deducted at purchase and refunded after one year's holding period.

• Flat fee is charged at redemption.

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Dec 13, 2023 06:06 AM

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Identify how redemption fees are charged for deferred sales charge funds. Fee is charged at redemption

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