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Exam Series 7 topic 1 question 301 discussion

Actual exam question from FINRA's Series 7
Question #: 301
Topic #: 1
[All Series 7 Questions]

A front-end loan mutual fund plan is most suitable for:

  • A. a voluntary accumulation plan
  • B. a contractual plan
  • C. an automatic withdrawal plan
  • D. an optional withdrawal plan
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Suggested Answer: B 🗳️
a contractual plan. The other choices are not suitable. In a voluntary accumulation plan, the load is level. In an automatic withdrawal plan, the load is front -end because the bulk of the sales charge is taken early in the life of the plan.
by beccalyn at Oct. 2, 2020, 12:45 a.m.

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beccalyn
3 years, 6 months ago
A front-end loan mutual fund plan is most suitable for..... never heard of a front-end loan MF
upvoted 1 times
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