medium · CFA Level I ethics
At Westfork Bancorp, a junior analyst is asked by her supervisor to 'find a way' to make a valuation model yield a $100 target price for Harbourlight REIT, as this matches the firm's banking mandate targets. The analyst believes the fair value is $80 but adjusts the terminal growth rate assumption until the model shows $100.
This behavior most clearly violates which of the following?
- Standard I(B) Independence and Objectivity.
- Standard V(C) Record Retention.
- Standard III(A) Loyalty, Prudence, and Care.
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