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NEW QUESTION: 1
Which of the following is/are required by AIMR-PPS with regards to creation and maintenance of composites?
I. Performance must be measured at least quarterly.
II. Combining of assets-only returns with assets-plus-cash returns is prohibited.
III. Convertible and hybrid securities cannot be mixed with money-market securities in performance calculations.
A. I only
B. I, II and III
C. I and II only
D. I and III only
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Section A - "Creation and Maintenance of Composites" - of the PPS requires that convertible and hybrid securities be treated consistently across all composites.