11.   He added that co-op boards cannot even cut services because of the discrepancy between the amount of revenue collected from renters and the monthly maintenance paid by shareholders.

12.   He said Enron has the broad base the U.K. company wants to emulate, and shareholders should pay a similar premium for it.

13.   His shareholders have paid dearly.

14.   However, the shareholders must pay federal and state income taxes on the dividends they receive.

15.   It said shareholders should pay for any further marketing or promotion programs to expand the use of low-pollution vehicles.

16.   Most fund companies believe that their shareholders are paying them to stay fully invested and instruct their fund managers accordingly.

17.   Moreover, shareholders will pay for services like check writing and wire transfers.

18.   Mutual fund shareholders also pay taxes on dividends and capital gains distributions, even if they reinvest them in more shares.

19.   No money market mutual fund open to the public has ever made its shareholders pay for a bad investment.

20.   Normally, shareholders pay a capital gains tax on the profit from the initial investment.