Question

For class B shares, the sales charge is typically levied as a percentage of:

a) The account balance
b) The number of shares owned
c) The account's age
d) The market index performance

Answer 1

The sales charge for class B shares is typically levied as a percentage of the account balance.

Step-by-step explanation:

For class B shares, the sales charge is typically levied as a percentage of the account balance. This means that the fee is calculated based on the amount of money invested in the account. For example, if the sales charge is 3% and the account balance is $10,000, the fee would be $300.