What is known as dilution?

	a.	The artificial difference between the net asset value (NAV) and the fair value of the securities.
	b.	An investment technique that involves short-term in-and-out trading of mutual fund shares.
	c.	The harm caused by the transfer of wealth from long-term investors to market timers.
	d.	The loss resulting from forward pricing requirements.

Capitalizing costs that should be expensed:

	a.	is a healthy practice if they written off shortly after the transaction takes place.
	b.	has the effect of increasing net income by the same amount of the capitalized costs.
	c.	is a practice mostly found in large, well-established companies.
	d.	usually has no effect on net income.