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Microsoft Word - cpbdoc96
... advisors included both tied advisors (with financial ties to one company) and independent financial advisers (ifas). the advice received was then compared to what would constitute the best advice ... problems with using profitability figures as indicators for profits. first, accounting measures of profits depend heavily on accounting practices. second and more specifically for life insurance, a large ...
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Microsoft Word - discussion66
... ') advisors included both tied advisors (with financial ties to one company) and independent financial advisers (ifas). the advice received was then compared to what would constitute the best advice ... between safe and risky products, while allowing the error terms of these two equations (accounting for unobserved, randomly distributed characteristics) to be correlated. 7 more formally there was no ...
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