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What is required when presenting investment performance under the Standards?

  1. A Fair, accurate and complete presentation, avoiding misrepresentation
  2. B Showing only the best-performing periods
  3. C Presenting gross returns only
  4. D Excluding closed accounts
Answer

Fair, accurate and complete presentation, avoiding misrepresentation

Selective presentation, such as excluding terminated accounts, creates survivorship bias and misrepresents actual performance.

All CFA MCQs

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