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NEW QUESTION: 1
In 1892 the Sierra Club was formed. In 1908 an area of coastal redwood trees north of San Francisco was established as Muir Woods National Monument. In the Sierra Nevada mountains, a walking trail from Yosemite Valley to Mount Whitney was dedicated in 1938. It is called John Muir Trail. John Muir was born in 1838 in Scotland. His family name means "moor," which is a meadow full of flowers and animals. John loved nature from the time he was small. He also liked to climb rocky cliffs and walls. When John was eleven, his family moved to the United States and settled in Wisconsin. John was good with tools and soon became an inventor. He first invented a model of a sawmill. Later he invented an alarm clock that would cause the sleeping person to be tipped out of bed when the timer sounded. Muir left home at an early age.
He took a thousand-mile walk south to the Gulf of Mexico in 1867 and 1868. Then he sailed for San Francisco. The city was too noisy and crowded for Muir, so he headed inland for the Sierra Nevadas.
When Muir discovered the Yosemite Valley in the Sierra Nevadas, it was as if he had come home. He loved the mountains, the wildlife, and the trees. He climbed the mountains and even climbed trees during thunderstorms in order to get closer to the wind. He put forth the theory in the late 1860's that the Yosemite Valley had been formed through the action of glaciers. People ridiculed him. Not until 1930 was Muir's theory proven correct. Muir began to write articles about the Yosemite Valley to tell readers about its beauty. His writing also warned people that Yosemite was in danger from timber mining and sheep ranching interests. In 1901 Theodore Roosevelt became president of the United States.
He was interested in conservation. Muir took the president through Yosemite, and Roosevelt helped get legislation passed to create Yosemite National Park in 1906.
Although Muir won many conservation battles, he lost a major one. He fought to save the Hetch Valley, which people wanted to dam in order to provide water for San Francisco.
In the late 1913 a bill was signed to dam the valley. Muir died in 1914. Some people say losing the fight to protect the valley killed Muir.
What did John Muir do soon after he arrived in San Francisco?
A. He began to write articles about the Sierra Nevadas.
B. He wrote short stories for the local newspaper.
C. He ran outside during an earthquake.
D. He put forth a theory about how Yosemite was formed.
E. He headed inland for the Sierra Nevadas.
Answer: E
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
An asset manager holds an equity portfolio valued at $25m with a beta of 0.8. She would like to reduce the beta of the portfolio to 0.6 for the next 3 months using index futures. Index futures are curently trading at
1450, and the contract multiple is 250. How should the asset manager trade the index futures to get his desired result? Assume her portfolio is well diversified.
A. Sell 35 index futures contracts
B. Sell 14 index futures contracts
C. Sell 55 index futures contracts
D. Buy 25 index futures contracts
Answer: B
Explanation:
Explanation
The portfolio's beta is 0.8, and therefore in order to completely hedge the portfolio (ie reduce beta to 0), the portfolio manager would need to short 0.8 * $25m/(1450*$250) = 55.17 contracts, or 55 contracts. However, the ask here is to reduce the beta to 0.6, and not 0.
The number of contracts required to reduce the beta of a portfolio from to is give by (- ) * Value of portfolio / Value of a single contract. In this case, this calculation works out to (0.8 - 0.6) * $25m/(1450*250) = 13.8, or roughly 14 contracts.
The portfolio manager should short 14 index futures contracts to reduce the total portfolio beta to 0.6.

NEW QUESTION: 3
Which statement is correct regarding the default behavior of trunk ports on EX Series switches?
A. Trunk ports only transmit tagged traffic.
B. Trunk ports only transmit untagged traffic.
C. Trunk ports transmit both tagged and untagged traffic.
D. Trunk ports have 802.1Q tunneling enabled.
Answer: A

NEW QUESTION: 4
Risk assessment may be:
A. Both A&B
B. Quantitative only
C. Qualitative in general and quantitative in specific
D. Qualitative only
Answer: A