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0. Samina Haq a CFA candidate, works for Superior Trust Company. While reviewing the performance of one of the trust funds, she finds out that the trust fund has on an average performed at 5% for the last three years yet the brochure of her fund advertises an annual compound growth rate of 20%, which happened only in the past year. It also boasts of a consistent increment in the investment value above the entire market which also took place during last year. Haq‟s highest priority in avoiding a violation of the CFA Institute Standards of Professional Conduct is to:
correct the performance calculation and length of time.
continue with the advertisement since it did rise above the market.
use the firm‟s average rate of return in her marketing material for all accounts.
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