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David Zinger, CFA, an equity analyst, recently had lunch with his former professor, Kendall Hicks. Hicks told him about a new theoretical shock valuation model
David Zinger, CFA, an equity analyst, recently had lunch with his former professor, Kendall Hicks. Hicks told him about a new theoretical shock valuation model she designed. Upon returning to his office, Zinger recreated Hicks' model and revised it slightly. He then tested the revised model using historical stock prices from Standard & Poor's (S&P) equity databases. The results were so impressive that his supervisors decided to create a small new fund called the Technical Fund directed toward their technically-oriented clients. In the fund's prospectus, Zinger included a discussion of the model and the results of his tests. According to the Standard on misrepresentation, is Zinger required to credit Hicks for having developed the original model and S&P as the source of the data? Question 32Answer a. Neither of these sources must be cited. b. Both of these sources must be cited. c. Only one of these sources must be cited
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