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?