Which of the statements listed below regarding the agency problems in the fund management industry is correct? (1 mark) Select one: a. Manager is rewarded (or punished) based on short-term performance versus an index or peers O b. Investors delegate the management their portfolio to professional fund managers and their interests are not perfectly aligned with those of the managers O c. Manager controls brokerage, but cost is borne by investors in fund d. All of the other choices e. Commissions paid to financial planners out of funds under management as a reward for directing their client's money towards funds