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[单选题]

For a composite to be constructed in compliance with GIPS, the portfolios included in the composite must:

A.Have been managed by the firm for the full performance reporting period.

B.Be selected immediately after the last business day of the period for which the composite's performance will be presented.

C.Include all fee-paying,discretionary portfolios that are managed according to the same strategy,mandate,or investment objective.

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