Business, 31.07.2020 20:01, achewitt4147

An investor holds shares of the CTS balanced fund and wants to exchange them for shares of the CTS growth fund. One of the features the CTS fund family offers to shareholders is the conversion privilege. The exchange of one fund for another within the same fund family would have which of the following consequences? A) Shares of the growth fund would be purchased at the POP and any gains from the sale of the balanced fund would be non-taxable at this time.
B) Shares of the growth fund would be purchased at the NAV without a sales charge and any gains from the sale of the balanced fund would be taxable.
C) Shares of the growth fund would be purchased at the POP and any gains from the sale of the balanced fund would taxable.
D) Shares of the growth fund would be purchased at the NAV with a sales charge assessed and any gains from the sale of the balanced fund would be taxable.

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An investor holds shares of the CTS balanced fund and wants to exchange them for shares of the CTS g...