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Basic Question 2 of 3
The first step in the investment process should be the formulation of a ______.
B. list of investment alternatives
C. current income statement
A. policy statement
B. list of investment alternatives
C. current income statement
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Learning Outcome Statements
describe the reasons for a written investment policy statement (IPS)
describe the major components of an IPS
CFA® 2025 Level I Curriculum, Volume 6, Module 4.