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
答案：A
这部分cash和cash等价物，并不是由Convenable投资的，是放在存托银行，为什么不选B
