On January 2,2003,you Invest $10,000 in the W

question 73

Multiple Choice

On January 2,2003,you invest $10,000 in the W.O.W.Mutual Fund,a load fund that charges a fee of 5%.The fund's returns were 13.6% in 2003,12.2% in 2004,8.3% in 2005.On December 31,2005 you redeem all your W.O.W.shares.The dollar value is

• A) $13,600.00
• B) $13,664.13
• C) $10,000.00
• D) $131,136.40
• E) $13,113.64