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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 Investor Rule, Rutherford would: A. not be allowed to buy the IPO because the transaction is considered too risky. B. not be allowed to buy the IPO but could instead purchase a large position in the secondary market. C. be allowed to buy the IPO. |