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7. You purchase 100 shares of Tiger Growth Funds (an open-end fund) at a price of $20 per share at the beginning of the year.
7. You purchase 100 shares of Tiger Growth Funds (an open-end fund) at a price of $20 per share at the beginning of the year. You paid a front-end load of 4%. The stocks in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 1.2%. What is your return on the fund if you sell your shares at the end of the year? A. 5.40% B. 6.37% C. 10.80% D. 15.05%
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