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Which of the following is not a correct description of the section of the investment policy statement (IPS)? A)Monitor: Sets predetermined guidelines for rebalancing the

Which of the following is not a correct description of the section of the investment policy statement (IPS)?

A)Monitor: Sets predetermined guidelines for rebalancing the portfolio. B)Statement of Objectives: Includes risk and return objectives and any constraints. C)Executive Summary: Includes risk tolerance and performance expectations. D)Purpose: States the expectation that the portfolio will outperform the market.

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