veg juice in test tubes @$4This is a situation described by an accoutant from a local bank. Let me know how would you, as the accountant, would advise the bank officer.
Situation
Within the same bank, there are two departments, A and B, investing and trading for 2 different investment funds with different objectives.
Dept. A is looking to sell a certain financial instrument that is no longer fit its investment objective. Coincidentally, Dept. B is looking to buy the same financial instrument for its portfolio.
Issue
Should Dept A just sell to Dept B directly? And at what price so as to be fair to both sets of investors of the respective funds?
What say you?
Accounting with Edgar 