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NEW QUESTION: 1
Jim, an investment manager with Smith, Kleen & Associates, is in the process of determining the annualized return for a client portfolio. Jim uses a specific three-step process to determine this annualized return, which is detailed as follows:
Step 1:
Jim prices the portfolio immediately prior to any significant addition or withdrawal of funds. The portfolio is broken into specific subperiods based on the dates of cash inflows and outflows. The product of the subperiods is 10 years.
Step 2:
Jim calculates the holding period return of the portfolio for each subperiod.
Step 3:
Jim calculates the geometric mean of the annual returns. This calculation is used as the annual portfolio return measure.
Which of the following best describes the final calculation produced by Jim?
A. Dollar-weighted rate of return
B. Modified Internal Rate of Return
C. Time-weighted rate of return
D. Annualized holding period return
E. Asset-weighted rate of return
F. Geometrical rate of return
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The process illustrated in this example is the calculation of the time-weighted rate of return. This method of calculating portfolio returns is superior in many respects to the dollar-weighted rate of return, which is also known as the IRR. The reason for this relative superiority is the fact that the time-weighted rate of return is not sensitive to portfolio additions or withdrawals. So said, the time-weighted rate of return is more popular in the field of investment management.
While "annualized holding period return" is a tempting choice, it does not represent the best possible answer. "Geometrical rate of return" could refer to several return measures, but not the time-weighted rate of return.

NEW QUESTION: 2
What is a descriptor file of a Dataset created by the Dataset Stage?
A. Contains metadata, data location, but not the data itself
B. Contains the actual data in binary format
C. Contains the length of the data files
D. Contains the actual data in text format
Answer: A

NEW QUESTION: 3
You manage an Exchange Server 2016 organization that spans two sites. The sites are located in Los Angeles and New York.
You have a database availability group (DAG) named DAG1 that contains four members, two in each site.
The names and location of each DAG1 member are as follows:
EX01 and EX02 are in the New York site.
EX03 and EX04 are in the Los Angeles site.
A user has a mailbox on a database that is currently active on EX03.
The Front End Transport service on EX01 receives a message from the Internet. The message is addressed only to the user.
Based on this information, how will the Front End Transport service always attempt to route the first delivery attempt of the message?
A. The Transport service on EX03
B. The Transport service on EX01
C. The Transport service on one of the servers in the Los Angeles site
D. The Transport service on one of the servers in the New York site
Answer: A
Explanation:
The Front End Transport service will always attempt to route the first delivery attempt of the message to the Transport service on one of the servers in the New York site. For incoming messages with a single mailbox recipient, the Front End Transport (FET) service will select a mailbox server in the target delivery group, and give a higher priority to whichever mailbox server has the closest proximity based on the Active Directory site topology. In this scenario, the target delivery group is a routable DAG, and the Active Directory site with the closest proximity to the FET instance on EX01 is the Transport Service on EX01 or EX02 in New York.
The Front End Transport service will not always attempt to route the first delivery attempt of the message to the Transport service on EX01. While the Transport service on EX01 is a possibility, there is no guarantee that it will be the target of the first delivery attempt from the FET service. All servers in the New York site are equal candidates for being targeted.
The Front End Transport service will not always attempt to route the first delivery attempt of the message to the Transport service on EX03. EX03, as well as any server in the Los Angeles site, would not be targets of the first delivery attempt from the FET service on EX01 because they are not within the closest proximity.
The Front End Transport service will not always attempt to route the first delivery attempt of the message to the Transport service on one of the servers in the Los Angeles site because they are not within the closest proximity, based on the Active Directory topology.