3. Which of the following statements about money market mutual funds is true? They invest in commercial paper, CD's and repos a. b. They usually offer check writing privileges. They are highly leveraged and risky d. c. They invest in commercial paper, CD's and repos. They usually offer check writing privileges. e. All of the above options are true 4. In 2012, the proportion of mutual funds specializing in common stocks was (based on total assets) a. 21.7% b. 28% . 44.8% d. 47% e. 73% f. 63.5% 5. Management fees and other expenses of mutual funds may include a. Front end loads b. Back end loads C. 12 b 1 fees d. Front end and back end loads. e. Front end, back end and 12 b 1 charges. f. None of the above 6. The PFF Fund has NAV per share of $17.50 on January 1, 2016. On December 31st of the same year, the funds NAV was $19.47. Income distributions were 0.75 cents and the fund had capital gain distributions of $1.00. Without considering taxes and transaction costs, what rate of return did an investor receive on PFF fund in 2016? a. b. c. d. e. 11.26% 15.54% 16.97% 21.26% 9.83% 20.88%