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FINRA Series 7

Category - Series 7

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

a voluntary accumulation plan
a contractual plan
an automatic withdrawal plan
an optional withdrawal plan

Explanation

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.

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FINRA Series 7

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FINRA Series 7

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