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While employed, Sally purchased shares of a mutual fund with a certain investment objective. Sally has decided to retire this year, and she wants to change the investment objective of her mutual fund investments. When Sally goes to the investment company to change investment objective, which of the following fees would Sally likely have to pay?
A. Purchase Fees
B. Exchange Fees
C. Redemption Fees
D. Sales Loads

Respuesta :

sandlee09

Answer:

B. Exchange Fees

Explanation:

Based on the information provided within the question it seems that Sally would likely have to pay Exchange Fees. These are a type of fee that an investor may incur when changing or transferring their funds to another objective or type of mutual fund but within the same group/asset. Exactly what Sally is doing in this situation, therefore she may be charged with a certain Exchange fee such as management fee, account fee, or even purchasing fee, among others.

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