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Finra Series-6 Exam - Topic 6 Question 23 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 23
Topic #: 6
[All Series-6 Questions]

Which of the following statements regarding the ''rights of accumulation'' is true?

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Suggested Answer: B

The true statement is that reinvested dividends and capital gain distributions count toward reaching a breakpoint under the rights of accumulation. The rights of accumulation are not something that all mutual funds with front-end loads must offer. There is no time limit on the accumulation period. The rights of accumulation and the letter of intent are two separate animals; neither has anything to do with the other.


by Antione at May 03, 2022, 10:24 AM

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Jenise
5 months ago
Just to clarify, breakpoints are important for reducing fees!
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Jospeh
6 months ago
Really? A letter of intent for rights of accumulation? That’s new to me.
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Xenia
6 months ago
C sounds right, but 13 months seems short!
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Dorothy
6 months ago
I thought A was correct, but I guess not.
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Lenna
6 months ago
B is true! Reinvested dividends do count.
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Odette
6 months ago
I practiced a question similar to this, and I believe option A is misleading because not all funds with front-end loads have to offer rights of accumulation.
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Luis
6 months ago
I'm not entirely sure, but I feel like option C might be correct since I recall something about a specific time frame for breakpoints.
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Nida
6 months ago
I think option B sounds familiar because I remember something about reinvested dividends counting towards breakpoints in practice questions.
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Levi
6 months ago
I remember discussing letters of intent, but I’m uncertain if they are necessary for rights of accumulation. I might lean towards option D, though.
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Vi
6 months ago
Hmm, I'm a bit confused about the options. Do we need to use both SageMaker and Amazon Forecast? I'm not sure which combination of steps is the best solution.
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Craig
6 months ago
Okay, let me think this through. The passage is about the Wright brothers and their interest in flight, so the answer is likely related to that. I'll go with B, "plan".
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