They already come with answers, but you need to come up with your additional/complementary explanations on why the answer is correct.

1. increases 2. does not affect (no change) 3. does not affect (no change) 4. decreases 5. increases 6. increases 7. does not affect (no change) 8. decrease 9. decrease 10. increases 11. increased 12. does not affect (no change) 13. decreases 14. decreases, increases

1. An increase in securities prices a mutual fund's net asset value. 2. An increase in a mutual fund's load fee the fund's net asset value. 3. An increase in a mutual fund's 12b-1 fees the fund's load fees. 4. An increase in a mutual fund's 12b-1 fees or its load fee the investor's return. 5. A decrease in a mutual fund's exit fees an investor's return. 6. An increase in the price of a stock the firm's market capitalization. 7. An increase in capital gains tax rates mutual funds returns. 8. Capital gains distributions a mutual fund's net asset value. 9. Long-term capital gains distributions from a mutual fund an investor's taxes compared to short-term capital gains distributions. 10. An increase in a stock's beta the required return. 11. Based on the Jensen measure of performance, an increase in a mutual fund's alpha indi- cates performance. 12. An increase in the standard deviation of a fund's return the return. 13. A decrease in the variability of a fund's return the standard deviation of the return. 14. An increase in the standard deviation of a fund's return the Sharpe index and indicates that risk