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Mary Rutherford, CFA, is considering the purchase of Greenbelt Paper's stock in an upcoming initial public offering (IPO) for a portfolio that she serves as trustee. She has performed the necessary research and believes that the stock satisfies the fund's risk/reward requirements. Under the Prudent Man Rule, Rutherford would: A. be allowed to buy the IPO as well as any options on the stock. B. be allowed to buy the IPO. C. not be allowed to buy the IPO, because the transaction is considered too risky. |