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NEW QUESTION: 1
Fabrice Miro and Victoria Leete are studying for the Level 1 CFA examination. Miro wants to test Leete's understanding of the graph of the capital market line (CML) and the efficient frontier. He develops the following statements and asks her to identify the one that is FALSE. Assuming that Leete answers correctly, which statement does she select?
A. The market portfolio lies on the CML and has only unsystematic risk.
B. One weakness of the CML graph is that it measures standard deviation against returns.
C. The CML is not always straight.
D. Investors move up and down the CML by varying the weightings of the risk-free asset and portfolio M by either lending or borrowing the risk-free asset.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The first part of this statement is true - the market portfolio does lie on the CML. However, the market portfolio is completely diversified and thus has no unsystematic risk. The risk that remains is market portfolio risk, or nondiversifiable, or systematic risk.
The other choices are true. The CML will "kink" if the borrowing rate and lending rate are not equal. The CML does measure standard deviation (or total risk) against returns, and this is considered a weakness since systematic, or undiversifiable, risk is what investors are compensated for undertaking. The securitymarket line (SML) better represents this because it measures systematic, or beta, risk against expected returns.

NEW QUESTION: 2
Section B (2 Mark)
Portfolio A has expected return of 10% and standard deviation of 19%. Portfolio B has expected return of 12% and standard deviation of 17%. Rational investors will
A. Sell B short and buy A.
B. Borrow at the risk free rate and buy B.
C. Sell A short and buy B.
D. Borrow at the risk free rate and buy A.
Answer: C

NEW QUESTION: 3
アジャイルプロジェクトのプロジェクトマネージャーは、予算を30%削減するように求められました。これは小規模なプロジェクトチームであるため、予算は主にリソースに割り当てられます。制限された環境で価値を提供し続けるために、プロジェクトマネージャーはどのような戦略を使用する必要がありますか。
A. 予算の課題に対応するためにプロジェクトチームのバランスを取り、パフォーマンス低下のリスクを軽減するためのトレーニングを提供します
B. 予算削減をサポートするために、プロジェクトスタッフを削減し、それに応じて範囲とタイムラインを調整します。
C. 高いビジネス価値と低い労力を求めて製品のバックログに優先順位を付け、それらの項目を考慮してプロジェクトの予算と人員を調整します。
D. プロジェクトの範囲を基本的な重要な機能のみに制限し、予算がすべて消費されるまで、現在のスタッフレベルでプロジェクトを実行します
Answer: C

NEW QUESTION: 4
Which of the following attack can be eradicated by using a safe API to avoid the use of the interpreter entirely?
A. File Injection Attacks
B. Command Injection Attacks
C. LDAP Injection Attacks
D. SQL Injection Attacks
Answer: D


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