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| William Wong, CFA, is an equity analyst with Hayswick Securities, Based on his fundamental analysis, Wong concludes that the stock of a company he follows, Nolvec Inc., is substantially undervalued and will experience a largeprice increase. He delays revising his recommendation on the stock from"hold" to "buy" to allow his brother to buy shares at a lower price. According tothe Standards of practice Handbook, Wong is least likely to have violated theCFA Institute Standards of professional Conduct that relate to: A:duty to clients. B:reasonable basis. C:priority of transactions. |
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