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NEW QUESTION: 1
Consider the following transactional information for the investment account of a retail investor:
1st Quarter
Ending portfolio value: $65,000
Total amount invested: $59,000
2nd Quarter
Ending portfolio value: $63,500
Total amount invested: $65,000
3rd Quarter
Ending portfolio value: $60,900
Total amount invested: $63,500
4th Quarter
Ending portfolio value: $57,200
Total amount invested: $60,900
Using this information, what is the annual time-weighted rate of return for this portfolio? Assume no taxes or transaction charges.
A. None of these answers
B. (3.27%) per year
C. (3.05%) per year
D. The calculation of the time-weighted rate of return cannot be calculated from the information provided
E. 2.59% per year
F. (4.56%) per year
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The time-weighted rate of return is the preferred method of return calculation in the investment management industry, primarily because this method is not sensitive to significant additions and withdrawals of funds from portfolios under examination. The calculation of the time-weighted rate of return involves three steps, which are illustrated as follows:
Step 1:
Price the portfolio immediately prior to any significant additions or withdrawals. Separate the portfolio into a series of subperiods based on the dates of cash inflows and outflows.
Step 2:
Calculate the holding period return for each subperiod.
Step 3:
Determine the annualized holding period return by linking or compounding the holding period return of each subperiod. If the investment is for more than one year, use the geometric mean of the annual returns as the time-weighted rate of return. If the investment is for less than one year, compound the subperiod returns to obtain an annualized measurement.
To begin the process of determining the time-weighted rate of return, we would break the portfolio up into the following series of cash flows. However, in this example, the cash flows are already aggregated for us and we can move on to the next step: determining the holding period return for each subperiod. This process is detailed as follows:
Quarter 1 holding period return = [($65,000 ending value - $59,000 invested) / $59,000 invested]
10.169%
Quarter 2 holding period return = [($63,500 ending value - $65,000 invested) / $65,000 invested] = (2.308%) Quarter 3 holding period return = [($60,900 ending value - $63,500 invested) / $63,500 invested] = (4.094
%)
Quarter 4 holding period return = [($57,200 ending value - $60,900 invested) / $60,900 invested] = (6.076%) Now that the holding period return for each subperiod has been determined, we must annualize the return measure by taking the product of all four quarterly returns. This process is illustrated below:
[(1 + .10169) * (1 - .02308) * (1 - .04094) * (1 - .06076) - 1] = (.0305) or (3.05%) When calculating the time-weighted rate of return, remember that the total amount invested is the relevant figure, not the beginning portfolio value. So said, whenever possible you should use the total amount invested rather than the beginning portfolio value in the calculation of the subperiod holding period return.

NEW QUESTION: 2
What is the main reason why RSTP converges faster than STP?
A. RSTP increases the type of port status
B. RSTP has a smaller timer
C. RSTP has less overhead
D. RSTP is not based on timer convergence
Answer: D

NEW QUESTION: 3
Your company has an Active Directory domain. The company runs Remote Desktop services.
Standard Users who connect to the Remote Desktop Sessions Host Server are in an organizational unit (OU) named OU1. Administrative users are in OU1. No other users connect to the Remote Desktop Session Host Server.
You need to ensure that only members of OU1 can run Remote Desktop Protocol files.
What should you do?
A. Create a Group Policy object (GPO) that configures the Allow .rdp files from valid publishers and user's default .rdp settings policy setting in the Remote Desktop Client Connection template to Enabled. Apply the GPO to OU1.
B. Create a Group Policy object (GPO) that configures the Specify SHA1 thumbprints of certificates represting trusted .rdppublishers policy setting in the Remote Desktop Client Connection template to Enabled. Apply the GPO to OU1.
C. Create a Group Policy object (GPO) that configures the Allow .rdp files from valid publishers and user's default .rdp settings policy setting in the Remote Desktop Client Connection template to Disabled. Apply the GPO to OU1.
D. Create a Group Policy object (GPO) that configures the Allow .rdp files from unknown publishers policy setting in the Remote Desktop Client Connection template to Disabled. Apply the GPO to OU1.
Answer: B
Explanation:
To ensure that only members of the TermSerAdmin OU can run the Remote Desktop Protocol files, you need to enable the Allow .rdp files from valid publishers and users default .rdp settings policy setting in the Remote Desktop Client Connection template.
This policy setting allows you to specify whether users can run Remote Desktop Protocol (.rdp) files from a publisher that signed the file with a valid certificate. A valid certificate is one issued by an authority recognized by the client, such as the issuers in the client's Third-Party Root Certification Authorities certificate store. This policy setting also controls whether the user can start an RDP session by using default .rdp settings (for example, when a user directly opens the Remote Desktop Connection [RDC] client without specifying an .rdp file). If you enable this policy setting, users can run .rdp files that are signed with a valid certificate. Users can also start an RDP session with default .rdp settings by directly opening the RDC client. When a user starts an RDP session, the user is asked to confirm whether they want to connect. If you disable this policy setting, users cannot run .rdp files that are signed with a valid certificate. Additionally, users cannot start an RDP session by directly opening the RDC client and specifying the remote computer name. When a user tries to start an RDP session, the user receives a message that the publisher has been blocked
Reference: Remote Desktop Connection Client
http://technet2.microsoft.com/windowsserver2008/en/library/76fb7e12-b823-429b-988705dc70d28d0c1033.mspx?mfr=true
Other ref:
Using Group Policy settings to control client behavior when opening a digitally signed .rdp file
You can use Group Policy settings to configure clients to always trust RemoteApp programs from a particular publisher. You can also configure whether clients will block RemoteApp programs and remote desktop connections from external or unknown sources. By using these policy settings, you can reduce the number and complexity of security decisions that users face. This reduces the chances of inadvertent user actions that may lead to security vulnerabilities.
The relevant Group Policy settings are located in the Local Group Policy Editor at the following location, in the Computer Configuration node and in the User Configuration node:
Administrative Templates\Windows Components\Terminal Services\Remote Desktop Connection Client
The available policy settings include the following:
Specify SHA1 thumbprints of certificates representing trusted .rdp publishers
This policy setting allows you to specify a list of Secure Hash Algorithm 1 (SHA1) certificate thumbprints that represent trusted .rdp file publishers. If you enable this policy setting, any certificate with a SHA1 thumbprint that matches a thumbprint on the list is trusted.
Allow .rdp files from valid publishers and user's default .rdp settings
This policy setting allows you to specify whether users can run .rdp files from a publisher that signed the file with a valid certificate. This policy setting also controls whether the user can start an RDP session by using default .rdp settings, such as when a user directly opens the RDC client without specifying an .rdp file.
Allow .rdp files from unknown publishers
This policy setting allows you to specify whether users can run unsigned .rdp files and .rdp files from unknown publishers on the client computer.