Series 7 Exam Question 58: Answer and Explanation

Question: 58

Breakpoints investors receive when purchasing a mutual fund are based on

• A. the number of shares purchased
• B. the amount of money invested
• C. the type of securities the mutual fund is issuing
• D. the amount of purchasers of the fund

Correct Answer: B

Explanation:

B. Breakpoints (discounted sales charges) are based on the amount of money invested.