QUESTION 27

1. Mutual fund management fees may include:

   		a. Front-end loads.
   		b. Investment advisor fees.
   		c. 12b-1 charges.
   		d. All of the above.

QUESTION 28

1. In January of this year, Colin invested in the Alpha Aggressive Growth & Accumulation Fund (Alpha). The fund had NAV per share of $21.60 in January of this year. On December 31 of the same year, the funds NAV was $26.98. Income distributions were $0.90 and the fund had capital distributions of $1.20. What rate of return did Colin receive on the fund last year (disregard taxes and transaction costs).

   		a. 20.19%.
   		b. 28.15%.
   		c. 31.23%.
   		d. 34.63%.