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| Bertrand Greene, CFA, is preparing a report on Blanding, Inc. Blanding's earnings have increased in each of the last six years by an average of 11.8%. Based on his analysis, Greene projects that Blanding's earnings will increase by 12.5% in each of the next two years. Greene will violate the Code and Standards if he states: A)"Blanding's earnings will grow at 12.5% annually in each of the next two years." B)"Blanding's earnings have been compounding at approximately 11.8% annually." C)"I expect Blanding's earnings growth to increase to 12.5% annually in the next two years." |