Ben died in the current year and left all of his assets to his wife, Chanel, and child, Ava, as follows: Ava: Public Co. Shares with a FMV of $10,000 and an ACB of $5,000 Chanel: Mutual Funds with a FMV of $100,000 and an ACB of $150,000 Which of the following statements is true?

a) Without filing an election, the property will transfer to both Chanel and Ava at the FMV

b) Without filing an election, the property will transfer to Ava at the FMV and to Chanel at the ACB

c) An election can be filed to have the property transfer to both Chanel and Ava at the ACB

d) Without filing an election, Chanel will have the property transfer at the FMV and Ava will have the property transferred at the ACB

e) None of the above