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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
Palmer has analyzed the planned capital expenditures and fixed asset accounting for Emerjico. Based on her analysis, she estimates that real depreciation expense can be 12.5% of future real revenues. The nominal projection for net operating profit less adjusted taxes (NOPLAT) for Year 2 is closest to:
A. 10.01.
B. 9.94.
C. 10.21.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
(Study Session 11, LOS 39.b)
NEW QUESTION: 2
A. Option A
B. Option D
C. Option B
D. Option C
Answer: B
NEW QUESTION: 3
ネットワークには、ワイヤレスネットワークコンポーネントの安全性が十分でないという懸念があります。ワイヤレスネットワークの脆弱性スキャンを実行し、有線暗号化を模倣するように設計された古い暗号化プロトコルを使用していることがわかりました。どの暗号化プロトコルが使用されていますか？
A. WPA
B. WPA3
C. RADIUS
D. WEP
Answer: A
Explanation:
Wi-Fi Protected Access (WPA), Wi-Fi Protected Access II (WPA2), and Wi-Fi Protected Access 3 (WPA3) are the three security and security certification programs developed by the Wi-Fi Alliance to secure wireless computer networks. The Alliance defined these in response to serious weaknesses researchers had found within the previous system, Wired Equivalent Privacy (WEP). WPA (sometimes mentioned because the draft IEEE 802.11i standard) became available in 2003. The Wi-Fi Alliance intended it as an intermediate measure in anticipation of the supply of the safer and sophisticated WPA2, which became available in 2004 and may be a common shorthand for the complete IEEE 802.11i (or IEEE 802.11i-2004) standard. In January 2018, Wi-Fi Alliance announced the discharge of WPA3 with several security improvements over WPA2. The Wi-Fi Alliance intended WPA as an intermediate measure to require the place of WEP pending the supply of the complete IEEE 802.11i standard. WPA might be implemented through firmware upgrades on wireless network interface cards designed for WEP that began shipping as far back as 1999. However, since the changes required within the wireless access points (APs) were more extensive than those needed on the network cards, most pre-2003 APs couldn't be upgraded to support WPA. The WPA protocol implements much of the IEEE 802.11i standard. Specifically, the Temporal Key Integrity Protocol (TKIP) was adopted for WPA. WEP used a 64-bit or 128-bit encryption key that has got to be manually entered on wireless access points and devices and doesn't change. TKIP employs a per-packet key, meaning that it dynamically generates a replacement 128-bit key for every packet and thus prevents the kinds of attacks that compromised WEP. WPA also includes a Message Integrity Check, which is meant to stop an attacker from altering and resending data packets. This replaces the cyclic redundancy check (CRC) that was employed by the WEP standard. CRC's main flaw was that it didn't provide a sufficiently strong data integrity guarantee for the packets it handled. Well-tested message authentication codes existed to unravel these problems, but they required an excessive amount of computation to be used on old network cards. WPA uses a message integrity check algorithm called TKIP to verify the integrity of the packets. TKIP is far stronger than a CRC, but not as strong because the algorithm utilized in WPA2. Researchers have since discovered a flaw in WPA that relied on older weaknesses in WEP and therefore the limitations of the message integrity code hash function, named Michael, to retrieve the keystream from short packets to use for re-injection and spoofing.
NEW QUESTION: 4
A customer with a Communication Server (CS) 1000Rls. 6.0 SA is upgrading to Release 7.0.
They have decided to replace the existing CPPM Call server CPPM Signaling Server with a CPPM Co-Resident Call Server, Signaling Server and Gateway Controller to free up a two card slots. A technician has decided to use the ELAN IP of the Call Server from the original system as the ELAN IP address of the Co-Resident server.
Which action must be taken to consolidate the servers?
A. Re-configure the DSP Daughterbaords to reflect Call Server ELAN IP.
B. Re-configure the Call Server IP address field in each Media gateway Controller
C. Re-configure the network Routing Service to reflect the Call Server ELAN IP address.
D. Re-configure the Telephony Node Information to reflect the Call Server ELAN IP
Answer: B
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