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NEW QUESTION: 1
What is interpolation?
A. A value that a given percent of the data is less than
B. An exact value representing a remainder
C. A statistical representation of standard deviation
D. A whole number that represents the sum of a data set
Answer: B

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." Determine which of the following is the most likely reason that the Hong Kong fund will be inappropriate for the institutional investors.
A. The lack of potential excess returns.
B. Illiquid stocks comprising the index.
C. The weighting scheme of the index.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Many institutional investors may not be able to mimic a value-weighted index, if they are subject to maximum holdings and the index holds concentrated positions. This is the case for the potential clients and the index in this question. Ten firms represent over 70% of the index's total market cap and the index is market cap weighted.
Since they constitute 70% of total market cap, the 10 stocks likely represent large-cap firms and are very liquid. They are also the best known stocks. There is no evidence that the institutional investors demand excess returns (as described in the first paragraph, the vast majority of clients attempt to minimize tracking error), so this response does not represent a valid concern either. (Study Session 11, LOS 33.d)

NEW QUESTION: 3
Scenario:
Currently, many users are expehecing problems using their AnyConnect NAM supplicant to login to the network. The
rr desktop support staff have already examined and vehfed the AnyConnect NAM configuration is correct.
In this simulation, you are tasked to examine the various ISE GUI screens to determine the ISE current configurations
to help isolate the problems. Based on the current ISE configurations, you will need to answer three multiple choice
questions.
To access the ISE GUI, click on the ISE icon in the topology diagram to access the ISE GUI.
Not all the ISE GUI screen are operational in this simulation and some of the ISE GUI operations have been reduced in
this simulation.
Not all the links on each of the ISE GUI screen works, if some of the links are not working on a screen, click Home to
go back to the Home page first. From the Home page, you can access all the required screens.
To view some larger GUI screens, use the simulation window scroll bars. Some of the larger GUI screens only shows
partially but will include all information required to complete this simulation.


Determine which can be two reasons why many users like the Sales and fT users are not able to authenticate and
access the network using their AnyConnect NAM client with EAP-FAST.(Choose two.)
A. The DotlX authentication policy is not allowing the EAP-FAST protocol.
B. The authorization profile used for the Sales users is misconfigured.
C. The Employee_FullAccess_DACL DACL is missing the permit ip any any statement in the end.
D. The rr_Corp authorization profile has the wrong Access Type configured.
E. Many of the fT Sales and fT user machines are not passing the ISE posture accessment.
F. The order for the MAB authentication policy and the DotlX authentication policy should be reversed.
G. he PERMrr_ALL_TRAFFIC DACL is missing the permit ip any any statement it the end.
Answer: A,F

NEW QUESTION: 4
When is the end-of-life planned for PM v11 and old PM v12?
Response:
A. In 02 2019
B. In Q2 2020
C. In 01 2018
Answer: A