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NEW QUESTION: 1
Which of the following is/are required by AIMR-PPS with regards to calculation of returns?
I. The return for after-tax composites that hold both taxable and tax-exempt securities should be stated on an equivalent, "pre-tax" basis.
II. Real Estate must be appraised annually unless client agreements state otherwise.
III. For commingled fund-of-funds structure, segregated Irrs net of trading expenses must be presented.
A. I and III only
B. none of them
C. III only
D. I, II and III
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The return for after-tax composites that hold both taxable and tax-exempt securities should be stated on an
"after-tax" basis and should not be "grossed" up. Real Estate investments must be appraised every three years and the valuations reviewed quarterly unless client agreements state otherwise. For separately managed accounts commingled fund-of-funds structure, cumulative Irrs net of trading expenses must be presented.
NEW QUESTION: 2
DRAG DROP
Drag and Drop - RSPAN True and False
Select and Place:
Select and Place:
Answer:
Explanation:
NEW QUESTION: 3
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Hot Area:
Answer:
Explanation:
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