In reviewing prices for a mutual fund, an investor notices that the Beacon Fund has two listings, one for Class A shares and the other for Class B shares. The distinction between the two classes of shares is most likely that:
A. Class A shares are oriented toward short-term trading, while Class B shares have a long-term perspective
B. Class A shares should be purchased by income-oriented investors, while Class B shares are for those seeking capital appreciation
C. Class A shares can be purchased directly from the fund, while Class B shares are offered through broker-dealers
D. Class A shares have a front-end sales charge, while Class B shares have a contingent deferred sales charge
Answer: D
Investment
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