Lavish Gifts

I’m trying to understand this…

For lavish gifts, an analyst wants to avoid conflict of interferes and maintain true objectivity when working with a company. Does this standard change, when say, you’re comparing an investment banking relationship to an equity research relationship?

I had a question on a mock exam today where apparently accepting a private jet trip to a ranch to go hunting with a large company’s CEO was appropriate when you’re an investment banker working on an equity offering.

What’s the correct way to think about this?

Was this question in the CFAI mock?

nope Schweser

Pheww. Thank God. I wouldnt worry about it. I’m hopeful that CFAI wont trick us with such a situation.