QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

7. Tammi Holmberg is enrolled to take the Level I CFA examination. While taking the CFA

examination, the candidate on Holmberg's immediate right takes a stretch break and a piece of

paper from his pocket falls onto Holmberg's desk. Holmberg glances at the paper and realizes

there is information written on the paper, which includes a formula Holmberg needs for the

question she is working on. Holmberg had not memorized this formula and could not complete

the question without this information. Holmberg pushes the paper off her desk and uses the

formula to complete the question. According to the CFA Institute Code of Ethics and Standards

of Professional Conduct, Holmberg most likely:

A. compromised her exam.

B. was free to act on the information that fell on her desk.

C. is responsible for notifying exam proctors of her neighbor's violation.