Problem 1) No load mutual funds are normally promoted by ______. Load funds are promoted by ______.
a) registered representatives of a brokerage firm; registered representatives of a brokerage firm
b) registered representatives of a brokerage firm; the mutual fund of concern
c) the mutual fund of concern; registered representatives of a brokerage firm
d) the mutual fund of concern; the mutual fund of concern
Problem 2) To cover managerial expenses, mutual funds typically charge
a) management fees of 1 to 2 percent of total assets per year
b) commissions of typically 8 to 10 percent of transaction market value per year
c) management fees of typically more than 10 percent of total assets per year
d) commissions of typically 3 to 5 percent of the transaction market value per year