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A brokerage firm has just purchased a new computer system that will facilitate trades for its customers and supply research to the brokers directly aiding in their investment recommendations. Which of the following statements regarding the application of the CFA Institute Soft Dollar Standards is CORRECT? A. The full cost of the computer system can be paid for with Client Brokerage. B. Only the software applications and not the hardware can be paid for with Client Brokerage. C. Only the portion of the costs that will be attributed to research can be paid for with Client Brokerage. |