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NEW QUESTION: 1
Both portfolio Y and Z are well-diversified. The risk-free rate is 6%, the expected return on the market is 15%, and the portfolios have the following characteristics:
Portfolio | Expected Return | Beta Y | 17% | 1.20 Z | 14% | 1.00
Which of the following best characterizes the valuations of portfolio Y and Z?
A. Y is overvalued and Z is correctly valued.
B. Y is undervalued and Z is correctly valued.
C. Y is undervalued and Z is overvalued.
Answer: C
Explanation:
Because both portfolios are completely diversified, their returns should only reflect systematic risk of the portfolios. Thus, their betas are informative but their deviations are relevant. The required return for each portfolio can be calculated using the CAPM and compared with the associated market-implied expected return.
Y is undervalued. Its CAPM return is 6 + 1.2 x (15 - 6) = 16.8%. yet it has an expected return of 17%. Thus, the portfolio offers more return than is required given its level of risk and would therefore be attractive to investors. In contrast, Z is overvalued. Its CAPM return is 6 + 1.0 x (15 - 6) = 15%. However, it has an expected return of 14%. Thus, the portfolio offers less return than is required given its level of risk and would therefore be unattractive to investors.

NEW QUESTION: 2
Ihr Netzwerk enthält eine Active Directory-Domäne mit dem Namen contoso.com.
Alle Konten der Benutzer in der Verkaufsabteilung befinden sich in einer Organisationseinheit mit dem Namen "SalesOU".
Datei: // C: / HKEY_CURRENT_USER / Software / Appl / CoIlaboration
Lösung: Sie fügen eine Benutzereinstellung hinzu, die über eine Ersetzen-Aktion verfügt.
Erfüllt dies das Ziel?
A. ja
B. Nein
Answer: A
Explanation:
https://technet.microsoft.com/en-us/library/cc753092(v=ws.11).aspx

NEW QUESTION: 3
Does DataStage and QualityStage have the ability to interface with external programming solutions such as C, C++, Java, ActiveX, and Web Services?
A. Yes. However, DataStage can call Java programs only.
B. No. There is no extensibility within DataStage/QualityStage
C. No. Developers can only exit from DataStage to execute shell files.
D. Yes. DataStage and QualityStage can invoke existing and external Web Services, Java classes and C and C++ or ActiveX programs.
Answer: D