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On January 2,2003,you Invest $100,000 in Righteous,a Load Fund That

Question 92

Multiple Choice

On January 2,2003,you invest $100,000 in Righteous,a load fund that charges a fee of 7%.The fund's returns were 12.8% in 2003,13.9% in 2004,7.9% in 2005.On December 31,2005 you redeem all your Righteous shares.The dollar value is


A) $12,800.00
B) $12,892.50
C) $100,000.00
D) $128,925.00
E) $10,000.00

Correct Answer:

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