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NEW QUESTION: 1
Janice Palmer, CFA, is an international equity analyst at a large investment management firm catering to high net worth U.S. investors. She is assisted by Morgan Greene and Cathy Wong. Both Greene and Wong have prepared their preliminary security selections and are meeting along with Palmer today for detailed security analysis and valuation. They have narrowed their focus to a few closed-end country funds and some firms from Switzerland, Germany, the U.K. and the emerging markets.
The initial decision is to choose between closed-end country funds and direct investment in foreign stock markets. Wong is in favor of country funds because:
1. Country funds provide immediate diversification.
2. Buying country funds is a better choice than direct investment for most emerging markets.
However, Wong has observed a premium to NAV that is prevalent in closed-end country funds. Wong is curious as to how the observed premiums would affect investments in such instruments.
In contrast to Wong, Greene is more inclined towards individual stocks and has started looking into their financial statements. One firm Greene is analyzing is a German conglomerate. Kaiser Corp. Kaiser has a history of growing by acquiring high-growth firms in niche markets. Exhibit 1 provides key financial information from Greene's analysis of Kaiser Corp.
Exhibit 1: Financial information-Kaiser Corp.

While going through their sample of emerging market stocks, Wong observed that these markets in general have high inflation and that sales for the stocks were extremely seasonal. Wong compensated by adjusting reported sales growth in the emerging market firms by deflating the sales using annual inflation adjustments. Wong also made upward adjustments to reported depreciation figures.
Wong suggested to her colleagues that they add a country risk premium to the discount rate they were using to evaluate emerging market stocks. She further suggested that they estimate country risk premiums by calculating the spread between the yield of U.S. government bonds and that of similar maturity local bonds.
Subsequently they started working on the financial projections for Emerjico, Inc., an emerging market stock. Their assumptions are given in Exhibit 2.
Exhibit 2: Key Assumptions-Emerjico

In response to Wong's curiosity about the effects of the NAV premium on country fund investments, Palmer is least likely to suggest that the premiums:
A. add to the risk of the fund.
B. are not steady but quite volatile.
C. add to the return of the fund.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The closed-end country fund premiums ro net asset value are themselves very volatile and add to the risk of the fund. They tend to decrease as die country liberalizes foreign access to their financial markets.
However, the fund premiums do not add to the return of the fund. (Study Session 10, LOS 34,g,i)

NEW QUESTION: 2
Your company moved to G Suite last month and wants to install Hangouts Meet Hardware in all of their conference rooms. This will allow employees to walk into a room and use the in-room hardware to easily join their scheduled meeting. A distributed training session is coming up, and the facilitator wants to make remote room joining even easier. Participants in remote rooms should walk into their room and begin receiving the training without having to take any actions to join the session.
How should you accomplish this?
A. Room participants will need to start the meeting from the remote in the room.
B. By adding the rooms to the Calendar invite, they will all auto-join at the scheduled time.
C. Select Add Live Stream to the Calendar invite; all rooms added to the event will auto-join at the scheduled time.
D. In the Admin Console, select the devices in Meeting Room Hardware, select Call, and Enter the meeting code.
Answer: C

NEW QUESTION: 3
You have a vSphere cluster managed by vCenter. One of the VMs is running a critical application that is very sensitive to unplanned or sudden reboots. You wish to protect this VM from potential data loss. Which of the following features will help you?
A. vMotion
B. High Availability (HA)
C. Fault Tolerance (FT)
D. vSphere Replication
Answer: C
Explanation:
Reference: http://en.community.dell.com/techcenter/virtualization/w/wiki/vmware-vsphere-faulttolerance.aspx

NEW QUESTION: 4
RESTリクエストでアクセスキーとシークレットアクセスキーの両方をAmazon S3に送信する必要がありますか?
A. はい
B. いいえ
C. はい、IAMユーザーにのみ必要です。
D. はい、rootアカウントにのみ必要です。
Answer: B
Explanation:
No, it is not required to send both the Access key and the Secret Access key. When a user is making a REST URL, the user is required to send only the Access key and a signature. The signature is created with the Secret Access key and request contents. The user does not need to explicitly send the Secret Access key. Amazon S3 uses the access key ID to look up your secret access key.
Reference: http://docs.aws.amazon.com/AmazonS3/latest/dev/S3_Authentication2.html