With regard to international portfolios, if net performance is indicated, managers are required to disclose the assumed ________ for the benchmark.
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A. B. C. D. E.C
To be in compliance with the AIMR-PPS, the performance presentation for international portfolios must disclose whether composites and benchmarks are presented gross or net of withholding taxes on dividends, interest and capital gains; if net, the assumed tax rate for both the composite and the benchmark.