On January 2, 2007, you invest $100,000 in Righteous, a load fund that charges a fee of 7%. The fund's returns were 12.8% in 2007, 13.9% in 2008, and 7.9% in 2009. On December 31, 2009, 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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