7.
Miranda Grafton, CFA, purchased a large block of stock at varying prices during the trading session. The stock realized a significant gain in value before the close of the trading day, so Grafton reviewed her purchase prices to determine what prices should be assigned to each specific account. According to the Standards of Practice Handbook, Grafton's least appropriate action is to allocate the execution prices: A. across the participating client accounts pro rata on the basis of account size. B. across the participating client accounts at the same execution price. C. on a first-in, first-out basis with consideration of bundling orders for efficiency.
