1A. Which of the following would increase the net asset value of a mutual fund share, assuming all other things remain unchanged?

		An increase in the value of one of the fund's stocks
		An increase in the fund's accounts payable
		A change in the fund's management
		An increase in the number of fund shares outstanding

1B.

The risk-free rate is 4%. The expected market rate of return is 11%. If you expect CAT with a beta of 1.0 to offer a rate of return of 11%, you should

		sell short CAT because it is underpriced.
		buy CAT because it is overpriced.
		sell short CAT because it is overpriced.
		buy CAT because it is underpriced.
		None of the options, as CAT is fairly priced.