On January 2, 2017, You Invest $10,000 in the Tiger

question 63

Multiple Choice

On January 2, 2017, you invest $10,000 in the Tiger Fund, a load fund that charges a fee of 6 percent. The fund's returns were 25 percent in 2017, 35 percent in 2018, and -5 percent in 2019. On December 31, 2019, you redeem all your shares of Tiger. The dollar value is

• A) $5,200.89.
• B) $13,345.89.
• C) $7,931.25.
• D) $15,896.34.
• E) $8,646.91.

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