14.Maggert is scheduled to visit the corporate headquarters of Hoch Industries. Maggert expects to use the information obtained to complete his research report on Hoch stock. Maggert learns that Hoch plans to pay all of Maggerts expenses for the trip, including the costs of meals, hotel room, and air transportation. Which of the following actions would be the best course for Maggert to take under the Code and Standards?

a.Accept the expense-paid trip and write an objective report.

b.Accept the expense-paid trip but disclose the value of the services accepted in the report.

c.Pay for all travel expenses, including costs of meals and incidental items.

d.Write the report without taking the trip.

15.William Green, CFA, is the research analyst responsible for following Brown Company. All the information he has accumulated and documented suggests the stock should be rated a weak "hold" because the outlook for the firm's new products is poor. During a recent luncheon, Green overheard a financial analyst from another firm offer opinions that conflict with his own forecasts and expectations. Upon returning to his office, Green released a strong "buy" recommendation to the public based on this new information. Green:

a.violated CFA INSTITUTE Standards of Professional Conduct because he did not seek approval of the change from his firm's compliance department.

b.violated CFA INSTITUTE Standards of Professional Conduct because he did not have a reasonable and adequate basis for his recommendation.

c.violated CFA INSTITUTE Standards of Professional Conduct by failing to distinguish between facts and opinions in his recommendation.

d.was in full compliance with CFA INSTITUTE Standards of Professional Conduct.