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A no-load fund charges a 12b1 fee of 1% and maintains an expense ratio of 0.8%. Assumes the securities in which the fund invests increase

A no-load fund charges a 12b1 fee of 1% and maintains an expense ratio of 0.8%. Assumes the securities in which the fund invests increase in value by 6.54% per year. If you invested $1,000, how much will your fund shares be worth after 5 years? a. $1260.56 b. $1263.57 c. $1195.33 d. $1300.53

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