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A customer purchased $80,000 of Fund XYZ two years ago.

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A customer purchased $80,000 of Fund XYZ two years ago. He now wants to buy $50,000 of Fund LMN offered within the same fund family, which offers a $100,000 breakpoint under right of accumulation. Which of the following statements is true?

A.

The additional investment qualifies for a $100,000 breakpoint.

B.

Each fund requires contributions of $100,000 to qualify for a breakpoint.

C.

The customer must sign a new letter of intent to receive the $100,000 breakpoint on the additional purchase.

D.

The customer will receive a sales charge discount on his next purchase after the account balance of the fund reaches $100,000.

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