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An investment policy statement outlines a. an investor's return objectives, risk preferences, and constraints. b. an institution's goals and investment decisions. c. a company's disclosures

An investment policy statement outlines a. an investor's return objectives, risk preferences, and constraints. b. an institution's goals and investment decisions. c. a company's disclosures to investors. d. an investment advisor's approach to applying portfolio theory. e. an investment firm's disclosures to clients.

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