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NEW QUESTION: 1
What is NOT a function of the Compare component?
A. analyze differences in data before and after execution of an application
B. compare archived data with current data to evaluate changes
C. transform test data to protect privacy
D. identify differences between the contents of two tables
Answer: C
NEW QUESTION: 2
HOTSPOT
You are managing search results in a SharePoint farm.
You need to configure a query rule that fires for all queries.
In the Search service application, which option should you select? (To answer, select the
appropriate option in the answer area.)
Answer:
Explanation:
NEW QUESTION: 3
Security analysts Andrew Tian, CFA, and Cameron Wong, CFA, are attending an investment symposium at the Singapore Investment Analyst Society. The focus of the symposium is capital market expectations and relative asset valuations across markets. Many highly-respected practitioners and academics from across the Asia-Pacific region are on hand to make presentations and participate in panel discussions.
The first presenter, Lillian So, President of the Society, speaks on market expectations and tools for estimating intrinsic valuations. She notes that analysts attempting to gauge expectations are often subject to various pitfalls that subjectively skew their estimates. She also points out that there are potential problems relating to a choice of models, not all of which describe risk the same way. She then provides the following data to illustrate how analysts might go about estimating expectations and intrinsic values.
The next speaker, Clive Smyth, is a member of the exchange rate committee at the Bank of New Zealand.
His presentation concerns the links between spot currency rates and forecasted exchange rates. He states that foreign exchange rates are linked by several forces including purchasing power parity (PPP) and interest rate parity (IRP). He tells his audience that the relationship between exchange rates and PPP is strongest in the short run, while the relationship between exchange rates and IRP is strongest in the long run. Smyth goes on to say that when a country's economy becomes more integrated with the larger world economy, this can have a profound impact on the cost of capital and asset valuations in that country.
The final speaker in the session directed his discussion toward emerging market investments. This discussion, by Hector Ruiz, head of emerging market investment for the Chilean Investment Board, was primarily concerned with how emerging market risk differs from that in developed markets and how to evaluate the potential of emerging market investments. He noted that sometimes an economic crisis in one country can spread to other countries in the area, and that asset returns often exhibit a greater degree of non-normality than in developed markets.
Ruiz concluded his presentation with the data in the tables below to illustrate factors that should be considered during the decision-making process for portfolio managers who are evaluating investments in emerging markets.
Based upon the data provided, which of the following statements is most correct?
A. Brazil would be favored for equity investment.
B. China would be favored for either equity or bond investment.
C. Russia would be favored for bond investment.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
All else being equal, the economic statistics presented favor Russia over Brazil for hard currency bond investment. Russia has a relatively greater level of foreign exchange relative to short-term debt, implying that short term ability to pay is greater, and the overall indebtedness relative to GDP is lower.
While India and China each have the advantage in two of the four economic growth statistic categories, in aggregate, the statistics presented favor China for equity investment.
estimated long-term growth = population growth + labor force
participation growth + growth in capital spending + growth in total factor productivity estimated long-term growth for China: 0.8 + 1.8 + 1.3 + 0.9 = 4.8% estimated long-term growth for India: 1.3 + 0.5 + 1.4 + 0.4 = 3.6%
In addition, China enjoys a relatively more favorable savings to investment balance, implying that the growth may be more sustainable. (Study Session 6, LOS 23.q)
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