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NEW QUESTION: 1
A client has been diagnosed with congestive heart failure. His fluid intake and output are strictly regulated. For lunch, he drank 8 oz of milk, 4 oz of tea, and 6 oz of coffee. His intake would be recorded as:
A. 500 mL
B. 540 mL
C. 600 mL
D. 655 mL
Answer: B
Explanation:
(A, C, D) This answer is a miscalculation. (B) 1 oz = 30 mL; therefore, 18 oz x.
NEW QUESTION: 2
Was ist die Definition eines Alarms?
A. Eine Art von Vorfall
B. Ein Auditbericht, der Bereiche angibt, in denen die IT nicht gemäß den vereinbarten Verfahren arbeitet
C. Fehlermeldung an den Benutzer einer Anwendung
D. Eine Warnung, dass ein Schwellenwert erreicht wurde oder dass sich etwas geändert hat
Answer: D
NEW QUESTION: 3
Both portfolio Y and Z are well-diversified. The risk-free rate is 6%, the expected return on the market is 15%, and the portfolios have the following characteristics:
Portfolio | Expected Return | Beta Y | 17% | 1.20 Z | 14% | 1.00
Which of the following best characterizes the valuations of portfolio Y and Z?
A. Y is undervalued and Z is overvalued.
B. Y is overvalued and Z is correctly valued.
C. Y is undervalued and Z is correctly valued.
Answer: A
Explanation:
Because both portfolios are completely diversified, their returns should only reflect systematic risk of the portfolios. Thus, their betas are informative but their deviations are relevant. The required return for each portfolio can be calculated using the CAPM and compared with the associated market-implied expected return.
Y is undervalued. Its CAPM return is 6 + 1.2 x (15 - 6) = 16.8%. yet it has an expected return of 17%. Thus, the portfolio offers more return than is required given its level of risk and would therefore be attractive to investors. In contrast, Z is overvalued. Its CAPM return is 6 + 1.0 x (15 - 6) = 15%. However, it has an expected return of 14%. Thus, the portfolio offers less return than is required given its level of risk and would therefore be unattractive to investors.