Question 6 (Total 10 marks) A recent initiative of the CFA Institute has been the creation of a comprehensive Asset Manager Code. This code sets forth minimum standards for providing asset management services to clients based on some general principles. Required: List any five principles. Question 7 (Total 13 marks) Required: a. Explain how to create a synthetic portfolio to replicate a stock using Put-Call Parity. (1 mark) b. Use equations and symbols to derive the net investment for this synthetic portfolio at initiation (Date 0). (2 marks) c. Use equations and symbols to derive the net positions of the portfolio at expiration (Date T) if (1) Sy X. (4 marks) d. What are the two practical implications of the Put-Call parity results? (6 marks)