1. No-loads charge no sales fee because:
A. they are legally prohibited from doing so.
B. they charge a 12b-1 fee instead.
C. they charge a redemption fee instead.
D. they have no sales force.
2. Bonds trade on an accrual interest basis. This means an investor:
A. buy a bond at any time and receive an immediate interest check
B. can buy a bond at any time and gain the interest accrued from the time of the last payment
C. can sell a bond at any time and retain the interest portion of the bond
D. can sell a bond at any time without losing the interest that has accrued