Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $2 million in liabilities, and 40 million shares outstanding. What is the net asset value (NAV) of the fund share? a) $1,00 b) $13.28 c) $12.45 d) $10.39 e) $9.875 Which of the following result in a taxable event for investors? I. Charge of management fees II. Purchase of new securities III. Short-term and long-term capital gain distributions from the fund IV. Payment of transaction costs V. Dividend distributions from the fund a) 11, , III, and V only b) I and III only c) All of the events d) I, II, and III only e) III and V only