Because it is not the preferred method recommended by the PPS, the use of ________ valuation needs to be disclosed.

Because it is not the preferred method recommended by the PPS, the use of ________ valuation needs to be disclosed.
A . new- date
B . settlement- date
C . trade- date
D . old- date
E . survivor- date

Answer: B

Explanation:

Trade- date valuation is recommended when calculating performance, although settlement- date valuation is acceptable if disclosed.