8. Leng Bo, CFA is a bond portfolio manager for individual investors. Last year, a client
whose portfolio is limited to investment-grade bonds approved Bo's purchase of a below
investment grade bond. Because yields in the high grade fixed income markets declined,
Bo subsequently decides to enhance this client's portfolio by investing in several
additional bonds with ratings one or two notches below investment grade. The investment
strategy implemented by Bo most likely violated which of the following CFA Institute
Standards of Professional Conduct?
A. Suitability
B. Communications with Clients
C. Independence and Objectivity
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