All of the following statements are true EXCEPT:

a. The duty of care of a fiduciary involves acting in the best interest of the organization.
b. Rule 1.4 of the Rules of Conduct provides that a certificant has the duty of care of a fiduciary as defined by the CFP Board.
c. A certificant who is an employee/agent shall advise his or her current employer of any certification suspension or revocation received from the CFP Board.
d. All of the above are correct.

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.