The sales charge for purchasing shares in a load fund is____________ percent of the purchase price.

Question

The sales charge for purchasing shares in a load fund is____________ percent of the purchase price.

Group of answer choices

a) an average of 0.50 to 1

b) an average of 1 to 2

c) an average of 5 to 9 1/2

d) an average of 2 to 4

e) as high as 8 1/2

Answer 1

c) an average of 5 to 9 1/2

Answer 2

The sales charge for purchasing shares in a load fund can vary depending on the specific fund and the terms of the investment. However, based on the provided options, the answer is e) as high as 8 1/2 percent of the purchase price.