4. Ann owns 500 shares in the XYZ Growth Mutual Fund. The basis of her investment is $3,700, while the fair market value is only $1,200. She sells her shares to lock in the $2,500 loss, but then buys back 500 shares of the same fund the following week because she believes the value is going to increase significantly over a longer period. Which of the following is true regarding Ann's situation? a. The loss is a fully deductible capital loss. b. The basis in the newly acquired shares is the amount paid for those shares decreased by the $2,500 loss. c. She should have waited at least 60 days after the sale to repurchase the shares in order to be able to recognize the loss. d. If she had purchased shares of ABC Growth Mutual Fund instead of repurchasing XYZ, the $2,500 would have been allowed