QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

17. Amit Singh, CFA, purchased at varying prices during the trading session a large block of stock on behalf of specific accounts he managed. The stock realized a significant gain in value before the close of the trading day, so Amit reviewed his purchase prices to determine what prices should be assigned to each specific account. According to the Standards of Practice Handbook, Amit’s most appropriate action is to allocate the execution prices: A. by giving longer-term clients more favorable prices B. to all clients within the block trade at the same execution price C. on a weighted basis according to the size of the clients’ accounts