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    well- diversified balanced Portfolio P, which has an Investor Sentiment factor sensitivity equal to 1.25 and a Business Cycle factor sensitivity equal to 1.10. According to Driver Associates's Arbitrage Pricing Model, the expected return for Portfolio P equals:
    A. 13.3%.
    B. 10.8%.
    C. 8.3%.
    Answer: A
    Explanation:
    Explanation/Reference:
    Explanation:
    According to the Arbitrage Pricing Model, the expected return equals: risk free rate + R + b2RP2 where R is the risk premium for factor i. Portfolio D is designed to have sensitivity equal to one to the investor sentiment risk factor and sensitivity equal to zero to the business cycle risk factor. Similarly, Portfolio E is a portfolio designed to have sensitivity equal to zero to the investor sentiment risk factor and sensitivity equal to one to the business cycle risk factor. Portfolios that have a sensitivity equal to 1.0 to one factor and zero sensitivity to the remaining factors are called "factor portfolios." Therefore, Portfolio D is the investor sentiment factor portfolio and Portfolio E is the business cycle factor portfolio. According to the multifactor equations, the expected return (intercept) for the investor sentiment factor portfolio (D) equals 9% and for the business cycle factor portfolio (E) equals 8%. Risk premiums are defined as the difference between the expected return on the appropriate factor portfolio and the risk-free rate. The risk-free rate is 5% (the long- term government bond yield). Therefore, the investor sentiment risk premium equals 0.09 - 0.05 = 0.04.
    Similarly, the business cycle risk premium equals 0.08 - 0.05 = 0.03. Therefore, the expected return for Portfolio P equals 0.05 + 1.25(0.04) + 1.1(0.03) = 13.3%. (Study Session 18, LOS 64.1)

    NEW QUESTION: 2
    Szenario
    Eine Abteilung der Zentralregierung, das Ministerium für Lebensmittelhygiene (MFH), sieht sich einem zunehmenden Druck ausgesetzt, Kosten zu senken, die Leistung der Lieferanten besser zu steuern und die Verwirrung zu verringern, die durch unzureichende interne Kontrollen, veraltete Standards und veraltete Technologien verursacht wird. Externe Berater wurden beauftragt, eine Machbarkeitsstudie durchzuführen, um Optionen zur Lösung der Probleme sowie der wahrscheinlichen Kosten und Vorteile zu ermitteln. Folgende Optionen wurden berücksichtigt:
    Nichts tun.
    Ausgewählte Geschäftsfunktionen neu konstruieren.
    Ausgewählte Geschäftsfunktionen auslagern.
    Die Machbarkeitsstudie kam zu dem Schluss, dass ein Fall für die Auslagerung der MFH-Abteilung für Informationstechnologie und der Abteilung für Einrichtungen (Instandhaltung von Gebäuden und Grundstücken) vorliegt. Die Empfehlungen waren:
    Ein Dienstleister sollte mit der Erbringung der derzeit von der Abteilung Informationstechnologie und der Abteilung Einrichtungen erbrachten Dienstleistungen beauftragt werden.
    Mit dem ausgewählten Dienstleister sollte ein 10-Jahres-Servicevertrag vereinbart werden.
    In der Machbarkeitsstudie wurden allgemeine Entwürfe der aktuellen Organisation, Prozesse, Systeme und Betriebsmodelle sowie ein Business Case für das erforderliche Projekt entwickelt. Die externen Berater gaben auch die folgenden Empfehlungen für das Projektmanagement ab:
    Verwenden Sie PRINCE2.
    Richten Sie das Projekt mit 4 Managementphasen ein:
    Stufe 1. Standard-PRINCE2-Initiierungsaktivitäten.
    Phase 2. Erstellen Sie detaillierte Entwürfe (zukünftige Organisation, Prozesse, Systeme und Betriebsmodelle) und die Service Level Agreement zwischen MFH und dem zukünftigen Service Provider.
    Phase 3. Vorschläge anfordern und bewerten, Dienstleister auswählen und Vertrag abschließen.
    Phase 4. Ausrüstung und Personal übertragen, Verantwortung für die Leistungserbringung übertragen und Probezeit durchführen.
    Erste Schätzungen ergaben, dass das Projekt 2,5 Mio. GBP kosten und zwei Jahre dauern würde.
    Die Geschäftsleitung der MFH stimmte zu, dass es einen Grund für ein Outsourcing gibt, und akzeptierte die Empfehlungen als Grundlage für das Projekt. Über einen Zeitraum von 10 Jahren wird eine Einsparung von 20 Mio. GBP erwartet.
    Das Outsourcing-Projekt hat den Prozess zum Starten eines Projekts abgeschlossen und befindet sich jetzt in der Initiierungsphase.
    Aufgrund der strategischen Bedeutung des Projekts hat der MFH-Vorstandsvorsitzende die Rolle des Geschäftsführers übernommen. Innerhalb der MFH wurde ein PRINCE2-erfahrener Projektmanager ernannt. Mitarbeiter innerhalb der ausgelagerten Geschäftsfunktionen arbeiten mit den externen Beratern zusammen, die die Machbarkeitsstudie durchgeführt haben, um die detaillierten Entwürfe zu definieren.
    Die Zeilen 1 bis 6 in der folgenden Tabelle bestehen aus einer Behauptung und einer Begründung. Identifizieren Sie für jede Zeile die entsprechende Option (von Option A bis E). Jede Option kann einmal, mehrmals oder gar nicht verwendet werden.

    Answer:
    Explanation:
    Explanation


    NEW QUESTION: 3
    Ihr Netzwerk enthält eine Active Directory-Domäne mit dem Namen contoso.com. Die Domäne enthält einen Active Directory-Verbunddienste-Server mit dem Namen "Server1".
    Auf einem eigenständigen Server mit dem Namen Server2 installieren und konfigurieren Sie den Webanwendungsproxy.
    Sie haben eine interne Webanwendung mit dem Namen WebApp1. AD FS verfügt über eine Vertrauensstellung der vertrauenden Seite für WebApp1.
    Sie müssen externen Benutzern Zugriff auf WebApp1 gewähren. Für die Authentifizierung bei WebApp1 muss die AD FS-Vorauthentifizierung verwendet werden.
    Welches Tool sollten Sie zum Veröffentlichen von WebApp1 verwenden?
    A. Routing und RAS auf Server1
    B. RAS-Verwaltung auf Server1
    C. AD FS-Verwaltung auf Server2
    D. AD FS-Verwaltung auf Server1.
    E. RAS-Verwaltung auf Server2
    Answer: E
    Explanation:
    Erläuterung
    Verweise:
    https://docs.microsoft.com/en-us/windows-server/remote/remote-access/web-application-proxy/publishing-applic

    NEW QUESTION: 4
    What is the purpose of the OCSP protocol?
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    B. checks the revocation status of a digital certificate
    C. verifies a signature of a digital certificate
    D. submits a certificate signing request
    Answer: B


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    NEW QUESTION: 1
    Samuel Edson, CFA, portfolio manager for Driver Associates, employs a multifactor model to evaluate individual stocks and portfolios. Edson examines several possible risk factors and finds two that are priced in the marketplace. These two factors are investor sentiment (IS) risk and business cycle (BC) risk. Edson manages three equity portfolios (A, Bt and Q and derives the following relationships for each portfolio, as well as for the S&P 500 stock market index:

    Portfolios A and B are well-diversified, while C is a less than fully diversified, value-oriented portfolio. FJS is the surprise in investor sentiment, and FBC is the surprise in the business cycle. Surprises in the risk factors are defined as the difference between the actual value and the predicted value.
    Exhibit 1 provides data for the actual and predicted values for the investor sentiment and business cycle risk factors.

    Driver Associates uses a two-factor Arbitrage Pricing Model to develop equilibrium expected returns for individual stocks and portfolios:

    Valry instructs Edson to use the two-factor Arbitrage Pricing Model lo examine Driver Associates