A Contingent Deferred Sales Load, Which Is a Charge That

Multiple Choice

A contingent deferred sales load, which is a charge that shareholders pay when they withdraw their investment from a mutual fund, can be as low as 1 percent and as high as ___ depending on how long you own the mutual fund before making a withdrawal.

A) 3 percent
B) 5 percent
C) 7 percent
D) 10 percent
E) 15 percent