Read carefully the following information and answer questo 8-10: Michico Dimon, CFA, is an equity analyst for Ichi Assets, a portfolio management company based in Osaka. Michico is planning a trip to Taipei to research the semiconductor industry, Jimmy Tsai, CFA, is a research analyst for a stockbroking company, First Brokers, in Taipei. Michico contacts Jimmy to help aange visits to related publicly traded companies. Jimmy, wanting to enhance the business relationship with Ichi Assets, arranges for all of Michico's Taipei expenses to be paid for by First Brokers. These costs include fine dining, six- star hotel accommodation, and first-class air tickets. It is hoped that that all security transactions resulting from Michico's trip to Taipei will be executed through First Brokers. First Broker's commissions are typically higher than its competitors while other things are comparable Michico is impressed with Jimmy's research abilities. Knowing Ichi Assets wants to hire analysts for its new office, Michico asks Jimmy if he would be interested in changing employers and building a research team. Jimmy is excited about the prospect and to show his worth to Ichi Assets, he creates a list of all the works he completed at First Brokers on his personal laptop. He does it at home outside normal working hours without the knowledge of his employer. Upon Michico's return to Osaka, she delivers to her clients her investment report with a "Buy" recommendation for TMS Corp. When buying TMS shares for her clients, Michico also buys the same shares for her personal account. Before she bought the shares, she had disclosed her plan to purchase the shares for her own portfolio at the same time with her clients. However, Michico is forced to sell the same shares two weeks later to pay for a medical emergency Michico received permission from Ichi Assets' compliance officer for both transactions. Answer the following questions: 8. (2 points) Is Jimmy's arrangement to enhance business relations consistent with the CFA Institute Code and Standards? A. Yes. B. No, with regard to independence and objectivity. C. No, with regard to priority of transactions. (2 points) Explain your choice by relating your answer to a particular standard in the CFA Institute Code and Standards. 9. (2 points) Is Jimmy's action to create a list of all the works he completed at First Brokers consistent with the CFA Institute Code and Standards? A. Yes. B. No, with regard to record retention. C. No, with regard to independence and objectivity. (2 points) Explain your choice by relating your answer to a particular standard in the CFA Institute Code and Standards. 10. (2 points) Is Michico's investment actions upon her return to Osaka consistent with the CFA Institute Code and Standards? A. Yes. B. No, with regard to communication with clients and prospective clients. C. No, with regard to priority of transactions. (2 points) Explain your choice by relating your answer to a particular standard in the CFA Institute Code and Standards. Read carefully the following information and answer questo 8-10: Michico Dimon, CFA, is an equity analyst for Ichi Assets, a portfolio management company based in Osaka. Michico is planning a trip to Taipei to research the semiconductor industry, Jimmy Tsai, CFA, is a research analyst for a stockbroking company, First Brokers, in Taipei. Michico contacts Jimmy to help aange visits to related publicly traded companies. Jimmy, wanting to enhance the business relationship with Ichi Assets, arranges for all of Michico's Taipei expenses to be paid for by First Brokers. These costs include fine dining, six- star hotel accommodation, and first-class air tickets. It is hoped that that all security transactions resulting from Michico's trip to Taipei will be executed through First Brokers. First Broker's commissions are typically higher than its competitors while other things are comparable Michico is impressed with Jimmy's research abilities. Knowing Ichi Assets wants to hire analysts for its new office, Michico asks Jimmy if he would be interested in changing employers and building a research team. Jimmy is excited about the prospect and to show his worth to Ichi Assets, he creates a list of all the works he completed at First Brokers on his personal laptop. He does it at home outside normal working hours without the knowledge of his employer. Upon Michico's return to Osaka, she delivers to her clients her investment report with a "Buy" recommendation for TMS Corp. When buying TMS shares for her clients, Michico also buys the same shares for her personal account. Before she bought the shares, she had disclosed her plan to purchase the shares for her own portfolio at the same time with her clients. However, Michico is forced to sell the same shares two weeks later to pay for a medical emergency Michico received permission from Ichi Assets' compliance officer for both transactions. Answer the following questions: 8. (2 points) Is Jimmy's arrangement to enhance business relations consistent with the CFA Institute Code and Standards? A. Yes. B. No, with regard to independence and objectivity. C. No, with regard to priority of transactions. (2 points) Explain your choice by relating your answer to a particular standard in the CFA Institute Code and Standards. 9. (2 points) Is Jimmy's action to create a list of all the works he completed at First Brokers consistent with the CFA Institute Code and Standards? A. Yes. B. No, with regard to record retention. C. No, with regard to independence and objectivity. (2 points) Explain your choice by relating your answer to a particular standard in the CFA Institute Code and Standards. 10. (2 points) Is Michico's investment actions upon her return to Osaka consistent with the CFA Institute Code and Standards? A. Yes. B. No, with regard to communication with clients and prospective clients. C. No, with regard to priority of transactions. (2 points) Explain your choice by relating your answer to a particular standard in the CFA Institute Code and Standards