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NEW QUESTION: 1
When the command echo $$ outputs 12942, what is the meaning of 12942?
A. It is the process ID of the last command executed.
B. It is the process ID of the echo command.
C. It is the process ID of the current shell.
D. It is the process ID of the last command which has been placed in the background.
Answer: C

NEW QUESTION: 2
Lucy Sakata, CFA and Gary Lowenstein, CFA are portfolio managers for the Murray Funds, a provider of investment funds to institutional and wealthy individual investors. Murray frequently indexes in developed markets, but uses full blown active management in less efficient markets and when they think their analysts have a particular expertise. The vast majority of Murray's clients attempt to minimize tracking error.
One of the Murray's funds invests in a Hong Kong index and is marketed as a way for investors to participate in the growth of the Asian economies. The index represents the best known Hong Kong stocks and Murray uses a full replication strategy for the fund. The index is a market cap-weighted index and ten firms represent over 70% of the index's total market cap_Sakata would like to market the Hong Kong fund to institutions with a required minimum investment of $50 million. Many potential clients are institutions who outsource their foreign equity management and are subject to maximum holdings on individual stocks.
Murray also has a Canada fund that invests in an index which represents the 25 largest cap stocks in Canada. It is marketed as a way for investors to exploit the growth in demand for commodities. The index adjusts for stock splits and repurchases as necessary. Most of the index's return has come from capital gains, rather than dividends, due to the tremendous increase in global demand for commodities. To encourage long-term holding, Murray places a back-end load of 3% on fund redemptions that are made within two years of initial investment.
Sakata and Lowenstein discuss the fundamental law of active management and how it applies to three hypothetical managers who invest against the broad large-cap U.S. market, as represented by the S&P
500 index.
* Manager A under-weights and over-weights the 500 individual stocks of the S&P 500 index as she sees appropriate, keeping industry exposures similar to those of the index. She has an information coefficient of
0.05 and is restricted to long-only positions.
* Manager B holds cash and long S&P 500 futures. He tries to generate excess returns by altering the duration of the cash position and has an information coefficient of 0.05.
* Manager C has an information coefficient of 0.07, and she uses a long-short strategy for the 500 stocks in the S&P 500 index.
Sakata is consulting with the trustees of the Powell Foundation. The foundation has a position in the three Murray funds described in Exhibit 1 below.
Exhibit 1: Powell Foundation Holdings

Murray has a value fund that invests in stocks in the U.S. Lowenstein is considering several equity style index providers as a benchmark for the fund. The characteristics of the index providers and the methodologies they use to construct equity style indices are described in Exhibit 2 below.
Exhibit 2: Comparison of Index Providers

In regard to the index providers, Lowenstein makes the following statements:
Statement 1: "I would like to use the indices from either provider in a returns-based style analysis. Based on the information in the table, I believe that if I regress a value manager's returns against Provider B's indices, the manager's selection return will appear artificially large." Statement 2: "If an index provider uses buffering rules, a fund tracking that index will experience lower transactions costs." Of the following strategies, determine which strategy is most likely pursued by Fund 1.
A. Growth.
B. Value.
C. Market-oriented.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The manager of Fund 1 is likely following a value strategy and is likely a contrarian investor. Contrarian investors look for stocks that they believe are temporarily depressed. They frequently invest in firms selling at less than book value, as is the case with Fund 1. Note that the EPS growth in Fund 1 is also negative, which likely indicates that the fund invests in firms that are temporarily depressed in price. (Study Session
11, LOS 33.g)

NEW QUESTION: 3
Which directory contains the system-specific udev rule files? (Specify the absolute path including the directory name)
Answer:
Explanation:
/etc/udev/rules.d,
/etc/udev/rules.d/

NEW QUESTION: 4

A. Option C
B. Option D
C. Option B
D. Option A
Answer: A
Explanation: