Question $1($Mandatory$)($U$\mathrm{.}8$ points$)$

To cover manangerial and other expenses, mutual finds rppically churge

a$)$ commissions of $8$ to $10$ percent on purclases or sales of farities.

b$)$ a one$-$time load of $5$ percent upoa the initial investment in the mutual foud.

C$)$ management fees of less than $2$ percemt of noul assets per year.

d$)$ management fees of more than $10$ perceat of total assets per year.