Business Ethics Class Imagine that your financial firm is offering a new issue--
ID: 356132 • Letter: B
Question
Business Ethics Class
Imagine that your financial firm is offering a new issue--a corporate bond with an expected yield of 7–7.5%. In the past, offerings like this one have generally been good investments for clients, and you have sold the issue to dozens of large and small clients. You're leaving on a two-week vacation and only have a few hours left in the office, when your firm announces that the yield for the bond has been reduced; the high end will now be no more than 7%. The last day of the issue will be next week, while you're away on vacation. What should you do?
Explanation / Answer
The best action would be:
1. To postpone the vacation
2. Access the situation
3. Make a critical analysis and bring in transparency
4. Prepare the report and publish it to the clients
The fall in yield may be due to some macroeconomic factors that might have impacted other firms also. This should bring to clients notice.
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