Series 66 Quiz
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INVESTMENT VEHICLE CHARACTERISTICS
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An investor is comparing two share classes of the same mutual fund. Class A shares have a 5.00% front-end sales charge and a 0.25% annual 12b-1 fee. Class C shares have no front-end sales charge, a 1.00% annual 12b-1 fee, and a 1.00% CDSC that applies only to redemptions during the first year. Assume the account value remains constant and ignore compounding.
Approximately how many years must the investor hold the shares before the total cost of Class A becomes lower than the total cost of Class C?
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