SIE - Securities Industry Essentials Exam

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All of the following are true about mutual funds EXCEPT:

Investors buy at the POP and sell at the NAV, Class B shares have an up front sales charge
A
Investors buy at the POP and sell at the NAV, Class B shares have an up front sales charge, Class A shares have a CDSC
B
Class B shares have an up front sales charge, Class A shares have a CDSC, The NAV is published once per day after 4PM ET
C
Investors buy at the POP and sell at the NAV, The NAV is published once per day after 4PM ET
D
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Explanations

Class B shares have CDSCs & Class A shares have the up front sales charge.

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