SECTION 8 FRONT-END BULLETS (I.E., BULLET STRUCTURES WITH ONE-YEAR TO...

3.) Which fee structure is most appropriate for Sonera, based on the criteria in the

investment policy statement?

A. An ad valorem fee structure

B. A performance-based fee structure with a high-water mark

C. A performance-based fee structure with a fee cap

Answer = A

"Equity Portfolio Management," Gary L. Gastineau, Andrew R. Olma, and Robert G.

Zielinski