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NEW QUESTION: 1
You develop a Microsoft SQL Server 2012 database. The database is used by two web applications that access a table named Products. You want to create an object that will prevent the applications from accessing the table directly while still providing access to the required data. You need to ensure that the following requirements are met:
Future modifications to the table definition will not affect the applications' ability to access data.
The new object can accommodate data retrieval and data modification.
You need to achieve this goal by using the minimum amount of changes to the applications.
What should you create for each application?
A. Views
B. Synonyms
C. Common table expressions
D. Temporary tables
Answer: A
Explanation:
--Burgos - YES
Reference: http://msdn.microsoft.com/en-us/library/ms190174.aspx
NEW QUESTION: 2
Click on the Exhibit Button to view the Formula Sheet. Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that deposit is called:
A. All of the above
B. Forward-forward rate
C. Implied rate
D. Break-even rate
Answer: A
NEW QUESTION: 3
You are developing a self-hosted WCF service to display data about books. The solution contains a service
named BookService that implements the IBookService interface.
You need to expose the metadata in the service host programmatically.
You have the following code:
Which code segments should you include in Target 1, Target 2, Target 3, Target 4 and Target 5 to build the
service host? (To answer, drag the appropriate code segments to the correct targets in the answer area. Each
code segment may be used once, more than once, or not at all. You may need to drag the split bar between
panes or scroll to view content.)
Answer:
Explanation:
Explanation
NEW QUESTION: 4
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. are not steady but quite volatile.
B. add to the risk of the fund.
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)
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