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NEW QUESTION: 1
Which of the following is NOT a page element which can be dragged on to the editable areas in Landing Page
Builder?
A. Table
B. Box
C. Image
D. Social
E. Text
Answer: D
NEW QUESTION: 2
トークン化には、2つの異なる_________________が必要です。
A. 認証要素
B. データベース
C. 人事
D. 暗号化キー
Answer: B
Explanation:
説明
トークン化を実装するには、2つのデータベースが必要です。生の元のデータを含むデータベースと、元のデータにマップするトークンを含むトークンデータベースです。 2要素認証は便利ですが、必須ではありません。トークン化には暗号化キーは必要ありません。
2人の整合性は、トークン化とは関係ありません。
NEW QUESTION: 3
Turi Teigen, CFA candidate, prepares the following question for her weekly Level 1 study program.
Using the graph (along with the list of assumptions), determine which of the following statements is CORRECT.
A. Portfolio X is overvalued.
B. The expected return on Portfolio Z is greater than the required return.
C. The expected return on Portfolio Y could be 15.00%.
D. The required return on Portfolio X is 10.25%.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Note: RR = required return, ER = expected return.Remember that the SML graph plots systematic, or beta, risk versus expected return. Thus, the numbers on the x-axis represent beta. Using the Capital Asset Pricing Model (CAPM) equation, RR = Rf+ (ERM- Rf) * Beta = 5.0% + (7.5%) * 0.7 = 10.25%.
Portfolio Y lies below the SML and is thus overvalued and the expected return must be less than the required return. Using the CAPM, RR = Rf+ (ERM- Rf) * Beta = 5.0% + (7.5%) * 1.0 = 12.50%. (On the exam, you can quickly determine the RR for a portfolio/asset with a beta of 1.0 by adding the risk-free rate and the market premium.) Since the ER must be less than the RR, the ER must be less than 12.50% and cannot be 15.00%. Since Portfolio Z is on the SML, it is fairly valued and RR = ER. Since Portfolio X lies above the SML, it isundervalued.