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Alba Vasquez allocates trades of hot new IPOs as follows: m×p/(p+s) shares to performance-based fee accounts, m×s/(p+s) shares to standard fee accounts, where there are p suitable performance based fee accounts, s suitable standard fee accounts, and m shares available. This action is: A. not permissible since it effectively favors the performance-based fee accounts. B. permissible since it effectively amounts to a strict pro rata basis of allocation. C. not permissible since it is based upon a formula that is not inherently fair. |