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NEW QUESTION: 1
Nigel Holmes, CFA, is an investment manager for a small money management firm in London. All of Holmes' clients are citizens of the U.K. Holmes urges all of his clients to maintain internationally diversified portfolios. In his efforts to find undervalued securities, he is currently analyzing a Canadian company called Slapshot, Inc. Slapshot produces hockey equipment at its Canadian manufacturing facilities. About 85% of Slapshot's sales are to the U.S. market, and the remainder are domestic (i.e., in Canada). Sales have been growing at 12% per year. Last year's sales were C$68,000,000. Holmes has gathered the following market information (inflation is perfectly predictable):
* £/$ spot exchange rate = 0.8
* £/C$ spot exchange rate = 0.4
* U.K. risk-free rate = 6%
* U.K. expected inflation rate = 4%
* Canadian risk-free rate = 9%
* Canadian expected inflation rate = 7%
* U.S. risk-free rate = 4%
* U.S. expected inflation = 2%
Holmes uses the international CAPM (ICAPM) to value international investments. For Slapshot, Holmes believes that the stock's returns are sensitive to the £/C$ exchange rate. In order to apply the model, he estimates the following parameters using the £ as the base currency:
* World market risk premium = 6%
* Sensitivity of Slapshot to the world market = 1.2
* Sensitivity of Slapshot to changes in the £/C$ exchange rate = 1.4
* Holmes' expectation for the depreciation of the C$ against the £ = 2%
* The ratio of the price of the U.K. consumption basket to the Canadian consumption basket is 0.3.
Holmes adds Slapshot stock to several client portfolios at a purchase price of C$ 100. One year later, the stock is trading at C$ 122. There were no dividend payments during the year.
The real £/C$ exchange rate is closest to:
A. 1.00.
B. 1.54.
C. 1.33.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The real exchange rate, X, is calculated as follows: S ( / ) S is the spot exchange rate (stated GBP/CAD).
Hence, the real exchange rate is 0.4 (1 / 0.3) = 1.33. (Study Session 18, LOS 66.e)

NEW QUESTION: 2
注：この質問は、同じシナリオを提示する一連の質問の一部です。シリーズの各質問には、独自のソリューションが含まれています。ソリューションが規定の目標を満たしているかどうかを判断します。
Microsoft Azure SQL Data Warehouseにデータをインポートするデータ取り込みプロセスを開発します。
取り込むデータは、Azure Data Lake Gen 2ストレージアカウントに保存されている寄木細工のファイルにあります。
Azure Data Lake Gen 2ストレージアカウントからAzure SQL Data Warehouseにデータを送信する必要があります。
解決：
1. Azureストレージアカウントを指す外部データソースを作成する
2.外部データソースを使用して外部ファイル形式と外部テーブルを作成する
3. INSERT ... SELECTステートメントを使用してデータをロードします
ソリューションは目標を達成していますか？
A. いいえ
B. はい
Answer: A
Explanation:
CREATE TABLE AS SELECTステートメントを使用してデータをロードします。
参照：
https://docs.microsoft.com/en-us/azure/sql-data-warehouse/sql-data-warehouse-load-from-azure-data-lake-store

NEW QUESTION: 3
What column analysis process will infer a data class for each column in your data making it easier to compare domains of data?
A. Domain analysis
B. Table analysis
C. Data Classification analysis
D. Baseline analysis
Answer: C

NEW QUESTION: 4
DRAG DROP
You have an on-premises network that includes a Microsoft SQL Server instance named SQL1.
You create an Azure Logic App named App1.
You need to ensure that App1 can query a database on SQL1.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Answer:
Explanation: