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NEW QUESTION: 1
표준 필드를 숨기거나 표시하여 문서를 개인화 할 수 있는 도구는 무엇입니까? 참고 :이 질문에는 2 가지 정답이 있습니다.
A. 문서 설정
B. 사용자 정의 값
C. 양식 설정
D. 양식 Ul 편집
Answer: C,D

NEW QUESTION: 2
Zi Wang is a senior buy-side equity analyst with Shandong Securities. Wang must review the work of several of his junior colleagues before investment recommendations go to the Shandong portfolio managers. One recommendation from a junior analyst is given in Exhibit 1.

This same junior analyst e-mailed Wang, saying "I'm in a meeting and hate to bother you. I don't have my calculator or computer with me. We have a British stock with a current £4.00 dividend that is expected to grow at 40% per year for two years and then forever after at 6%, If we assume a required return of 12%, what is the value of this stock?" in a few minutes, Wrang e-mails him back: "The British stock is worth £110.42" The junior analyst sends back a second e-mail. "Thanks. If we can buy this stock for £90, what rate of return would we get? Assume the same dividend pattern as in my first e-mail." Wang replies to the second e-mail: "I used trial and error and found an expected rate of return for the British stock of 12%." One of Shandong's portfolio managers asks Wang to clarify the PVGO (present value of growth opportunities) concept for him. Wang tells him, "PVGO is the part of a stock's total value that comes from future growth opportunities. PVGO is conventionally estimated as the market value per share minus the book value per share." The Shandong portfolio manager quickly follows up with two more requests. He says, "I need a couple of favors. First, could you describe the sustainable growth rate concept for us? We've been arguing about it among ourselves. And, second, could you review some highlighted phrases from a research report we received from one of our investment bankers? We aren't sure that the analyst who wrote this report is very competent." The highlighted phrases are:
Phrase 1: When calculating the justified P/E ratios based on a constant growth model like the Gordon model, the forward P/E should be greater than the trailing P/E.
Phrase 2: A free cash flow approach might be preferable when the company's cash flows differ substantially from dividends or the investor takes a control perspective.
Phrase 3: When the required rate of return increases, the value of a share of stock should decrease even if the stock's dividend has a negative growth rate.
Is Wang's estimate of the British stock price correct?
A. No. The value is £121.67.
B. Yes.
C. No. The value is £86.90.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The values of the next three dividends ate
= 4.00(1.40) = 5.60
= 4.00(1.40 = 7.84
= 4.00(1.40 (l.06) = 8.3104
The terminal value of the stock (at the beginning of the final constant growth phase) is:

NEW QUESTION: 3
Please read this scenario prior to answering the question
Armstrong Defense Industries is the prime contractor for the Dreadnought Unmanned Aircraft System program.
Over the course of this contract, the company has grown rapidly by acquisition and has inherited numerous different procurement processes and related IT systems. Armstrong Defense is moving aggressively to consolidate and reduce redundant procurement processes and systems. The CEO has announced that the company will seek to leverage higher volume discounts and lower related IT support costs by instituting a preferred supplier program.
To achieve this goal, Armstrong Defense needs to define Baseline and Target Architectures. These architectures must address key stakeholders concerns such as:
1. What groups of people should be involved in procurement-related business processes?
2. What current applications do those groups use?
3. Which procurement-related business processes are supported by zero, one, or many existing applications?
4. What are the overall lifetimes of the Request for Proposal and Purchase Order business objects?
5. What non-procurement applications will need to be integrated with any new procurement applications?
6. What data will need to be shared?
At present, there are no particularly useful architectural assets related to this initiative. All assets need to be acquired and customized or created from scratch. The company prefers to implement existing package applications from systems vendors with little customization.
The architecture development project has just completed its Architecture Context iteration cycle and is about to begin the Architecture Definition iteration cycle.
Armstrong Defense is using TOGAF for its internal Enterprise Architecture activities. It uses an iterative approach for executing Architecture Development Method (ADM) projects.
Refer to the Armstrong Defense Industries Scenario
You are serving as the Lead Architect.
You have been asked to identify the most appropriate architecture viewpoints for this situation.
Based on TOGAF 9, which of the following is the best answer?
A. In the early iterations of the Architecture Definition:
* Describe the Target Business Architecture with a Business Service/Function catalog and an Organization/Actor catalog
* Describe the key business objects with Data Lifecycle diagrams
* Describe the Target Application Architecture with Application Communication diagrams and an Application Interaction matrix
* Describe the Target Data Architecture with a System/Data matrix
In the later iterations of the Architecture Definition:
* Describe the Baseline Business Architecture with a Business Service/Function catalog and a Business Interaction matrix
* Describe the Baseline Application Architecture with an Application and User Location diagram and a System/Function matrix
* Describe the Baseline Data Architecture with a Data Entity/Data Component catalog
B. In the early iterations of the Architecture Definition:
* Describe the Target Business Architecture with a Business Service/Function catalog and a Business Interaction matrix
* Describe the key business objects with Product Lifecycle diagrams
* Describe the Target Application Architecture with Application Communication diagrams and an Application Interaction matrix
* Describe the Target Data Architecture with a Data Entity/Business Function matrix and a System/ Data matrix In the later iterations of the Architecture Definition:
* Describe the Baseline Business Architecture with a Business Service/Function catalog and a Business Interaction matrix
* Describe the Baseline Application Architecture with a System/Organization matrix and a System/ Function matrix
* Describe the Baseline Data Architecture with a Data Entity/Data Component catalog
C. In the early iterations of the Architecture Definition:
* Describe the Baseline Business Architecture with an Organization/Actor catalog
* Describe the Baseline Application Architecture with a System/Function matrix
* Describe the Baseline Data Architecture using a Data Entity/Data Component catalog In the later iterations of the Architecture Definition:
* Describe the Target Business Architecture with en Organization/Actor catalog
* Describe the Target Application Architecture using Application Communication diagrams end an Application Interaction matrix Describe the Target Data Architecture with a System/Data matrix
D. In the early iterations of the Architecture Definition:
* Describe the Baseline Business Architecture with a Baseline Business Process catalog
* Describe the Baseline Application Architecture with a Technology Portfolio catalog
* Describe the Baseline Data Architecture with a Data diagram
In the later iterations of the Architecture Definition:
* Describe the Target Business Architecture with an Actor/Process/Data catalog
* Describe the Target Application Architecture with a System/Technology matrix
* Describe the Target Data Architecture with a Data Dissemination diagram
Answer: B