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Tristan is evaluating different mutual fund options for his client. What mutual fund option would be the most expensive to buy in dollar terms?
Correct Answer: C
A front-end load is a sales charge paid at the time of purchase, calculated as a percentage of the investment amount. A). $1,500 × 3% = $45 B). $1,000 × 4% = $40 C). $5,000 × 1% = $50 D). $3,000 × 2% = $60 # Most expensive = $60 (Option D) Correction: Answer = D. Purchase $3,000 at 2% front-end load