Answered

An investor purchased a mutual fund through his broker. The broker charged him a fee of 3.75% of the amount of the fund. Which type of fee

has the broker charged?

A

trade commission

B.

front-end load

C.

expense ratio

D. back-end load

E.

advisory fee

Answer :

lovetuv

Answer:

B. Front-end load

Explanation:

Plato :)

The type of fee the broker charged the investor is known as B. Front-end load.

What is a front-end load?

This is known as an upfront sales charge that an investor pays when they buy fund shares.

Hence, we can see that based on the fact that the investor purchased a mutual fund through his broker, the type of charge he paid is called the front-end load.

Read more about front-end load here:

https://brainly.com/question/13553431

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