11.   Because it is a share swap, investors will pay no capital gains taxes after receiving stock in the new company at year-end.

12.   Because funds are increasingly offered through investment advisers and other distributors, investors are paying yet another layer of costs for fund selection and monitoring.

13.   Because funds are increasingly offered through investment advisers and other distributors, investors are paying yet another layer of costs for the selection and monitoring of funds.

14.   Because most stock trades take place outside official markets, prices on the Prague Stock Exchange often vary widely from the prices investors are paying.

15.   Because these companies are seen as having better prospects for growth, investors typically pay a higher price for their earnings.

16.   Bond investors paid as much attention to the rise in average hourly earnings, the largest on record, as they did to the number of new jobs.

17.   A narrowing premium means foreign investors must pay more to borrow yen, weakening demand for yen-denominated Japanese government treasuries, traders said.

18.   Bugen said that while investors should pay attention when a manager leaves a fund, it is not an automatic signal to sell.

19.   But as the baby-boom generation ages and seeks nicer places to eat, investors are paying attention.

20.   But Carlson says even the highest fees are still considerably less than what a small investor would pay in brokerage commissions.