$100,000.00.On January 2, 2017, you invest $100,000 in the Jeffers Mutual Fund, a load fund that charges a fee of 5 percent. The fund's returns were -4.6 percent in 2017, -6.4 percent in 2018, and 35 percent in 2019. On December 31, 2019, you redeem all your shares. The dollar value is
A) $95,600.57.
B) $102,515.90.
C) $83,297.75.
D) $133,995.75.
E) $100,000.00.
Correct Answer:
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