Convenable Capital Management manages an equity portfolio for the Flender Company. Cash held in the portfolio is invested by Flender’s existing custodial bank. Must Convenable include cash and cash equivalents in the portfolio return calculations?
A Yes
B No, the cash is not invested by Convenable
C No, Convenable does not have discretion over the selection of the custodian
为什么选A
为什么要包含呢？cash和cash等价物并未采取什么投资策略啊，而且是托管的，不是应该剔除吗
