CIFC Practice Questions - Canadian Investment Funds Course (CIFC) Exam

Under a front-end load (initial sales charge) option, the sales commission is:

Charged when units are redeemed, declining over time Deducted from the amount invested at the time of purchase Never charged because the fund is no-load Paid only if the fund underperforms

Correct Answer:

Deducted from the amount invested at the time of purchase

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