QUESTION 27

1. The net asset value of the Park Aggressive Growth Fund increased from $19.36 to $25.00 from January through December. Income distributions are $0.80 and capital gain distributions are $1.34. In the absence of taxes and transaction costs, the one-year holding period return for the fund is closest to:

   		a. 29%.
   		b. 30%.
   		c. 31%.
   		d. 40%.

QUESTION 28

1. Mutual fund 12b-1 fees cover which of the following?

   		a. Portfolio management costs.
   		b. Administrative costs.
   		c. Distribution costs.
   		d. Organizational costs.