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NEW QUESTION: 1
Table of Acronyms Refer to the exhibit.


An administrator is setting up MPLS Layer 2 VPN connections between several customer sites:
- Connection 1 = Customer site 1 to customer site 2
- Connection 2 = Customer site 1 to customer site 3
On PE-1, interface GigabitEthernet1/0/1 connects to CE-1 at site 1. Which setup establishes the desired connections?
A. PE-1 has two policy-based routing (PBR) policies, each of which selects traffic destined to Site 2 or Site 3. The appropriate policy is applied to the PW for each connection
B. CE-1 connects to CE-2 in one VLAN and to CE-3 in a different VLAN. PE-1 has two services instances on G1/D/1. One instance encapsulates one VLAN ID and has PW to PE-2, and the other instance encapsulates the other VLAN and has a PW to PE-3
C. CE-1 implements MPLS. It establishes two PWs with PE-1, one for its connection to CE2 and one for its connection to CE-3. PE-1 maps the out label for the first PW to the in label for a PW to PE-2. It maps the labels similarly for a PW to PE-3.
D. CE-1 connects to CE-2 in one VLAN, which it assigns to VPN instance 1. It connects to CE-3 in a different VLAN, which it assigns to VPN instance 2. PE-1 instant places G1/0/1 in both VPN instances 1 and 2 and associates each VPN instance with a PW for one of the connections.
Answer: 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 expected rate of return for the British stock approximately correct?
A. No. The rate of return is closer to 14%.
B. Yes.
C. No. The rate of return is closer to 13%.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The first three dividends remain at:

You need to find a rate of return that gives a value closest to £90. Trial and error is a sound approach to finding the answer, and the test wise candidate should use the values given as multiple-choice answers.
Basically substitute 12%, 13%, or 14% into the valuation equation:

The answer, to three decimal places, is 14.085%. (Study Session 11, LOS 40.m,n)

NEW QUESTION: 3
Which protocol replicates forwarding information between MC-LAG peers?
A. VRRP
B. VCCP
C. ICCP
D. LLDP
Answer: C
Explanation:
Explanation/Reference:
Reference: https://www.juniper.net/documentation/en_US/junos/topics/concept/mc-lag-feature-summary- best-practices.html