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NEW QUESTION: 1
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.


Regarding Smyth's statements concerning exchange rate links:
A. both statements are correct -OR- both statements are incorrect.
B. only the statement regarding IRSP is correct.
C. only the statement regarding PPP is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The presenter is incorrect on both counts. For any pair of freely traded currencies, interest rate parity is governed by arbitrage and must hold in the short run. On the other hand, the relative form of purchasing power parity is not governed by arbitrage, and currency values can deviate widely from their PPP value in the short run-However, the evidence suggests that PPP is a useful forecasting tool for the long run. (Study Session 6, LOS 23.1)

NEW QUESTION: 2
組織の脆弱性管理プログラムの有効性を評価するための最良の方法は次のうちどれですか？
A. 定期的なサードパーティの脆弱性評価
B. 自動パッチ展開レポートを確認する
C. セキュリティチームによる脆弱性スキャンを実行します
D. 自動化された脆弱性スキャン
Answer: A

NEW QUESTION: 3
You are evaluating the table design.
You need to recommend a change to Tables.sql that reduces the amount of time it takes for usp_AttendeesReport to execute.
What should you add at line 14 of Tables.sql?
A. FullName nvarchar(100) NOT NULL DEFAULT (dbo.CreateFullName (FirstName, LastName)).
B. FullName AS (FirstName +' '+ LastName),
C. FullName AS (FirstName +' '+ LastName) PERSISTED,
D. FullName nvarchar(100) NOT NULL CONSTRAINT DF_FuIlName DEFAULT (dbo.CreateFullName (FirstName, LastName)),
Answer: C
Explanation:
http://msdn.microsoft.com/en-us/library/ms188300.aspx
http://msdn.microsoft.com/en-us/library/ms191250.aspx

NEW QUESTION: 4
An AWS account includes two S3 buckets: bucket1 and bucket2. The bucket2 does not have a policy defined, but bucket1 has the following bucket policy:

In addition, the same account has an IAM User named "alice", with the following IAM policy.

Which buckets can user "alice" access?
A. Bucket2 only
B. Both bucket1 and bucket2
C. Neither bucket1 nor bucket2
D. Bucket1 only
Answer: B