Question
On January 2, 1996, you invest $100,000 in Righteous, a load fund that charges a fee of 8%. The fund's returns were 12.8% in 1996,
On January 2, 1996, you invest $100,000 in Righteous, a load fund that charges a fee of 8%. The fund's returns were 12.8% in 1996, 13.9% in 1997, 7.9% in 1998. On December 31, 1998 you redeem all your Righteous shares. The dollar value is
| A. | $12,800.00 | |
| B. | $127,538.73 | |
| C. | $100,000.00 | |
| D. | $128,925.00 | |
| E. | $10,000.00 |
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Fundamentals Of Multinational Finance
Authors: Michael Moffett
6th Global Edition
1292215216, 978-1292215211
