asked 180k views
2 votes
In the purchase of Class A shares, many mutual funds provide quantity discounts to those reaching breakpoints specified in the fund's prospectus. To qualify for the quantity discount, purchases of which of the following may not be combined under the definition of any person?

A) Spouses investing in a joint account and individual accounts
B) A parent's account and the parent's child in a UTMA account
C) A parent and a 35-year-old child investing in separate accounts
D) A trustee of an irrevocable trust and the beneficiary of that trust

asked
User Asg
by
8.1k points

1 Answer

7 votes

Answer:

C. A parent and a 35-year-old child investing in separate accounts

Step-by-step explanation:

answered
User Shamith C
by
7.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.