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  • Exam Code: H21-921_V1.0
  • Exam Name: HCSP-Presales-Storage(Distribution) V1.0
  • Version: V15.35     Q & A: 208 Questions and Answers

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NEW QUESTION: 1

A. FD00:123:4567::
B. 2001:123:4567:890A::
C. FE80:123:4567::
D. FF00:123:4567:890A::
Answer: A
Explanation:
* A unique local address (ULA) is an IPv6 address in the block fc00::/7, defined in RFC 4193. It is the approximate IPv6 counterpart of the IPv4 private address.
The address block fc00::/7 is divided into two /8 groups:
/ The block fc00::/8 has not been defined yet.
/ The block fd00::/8 is defined for /48 prefixes, formed by setting the 40 least-significant bits of the prefix to a randomly generated bit string.
* Prefixes in the fd00::/8 range have similar properties as those of the IPv4 private address ranges:
/ They are not allocated by an address registry and may be used in networks by anyone without outside involvement.
/ They are not guaranteed to be globally unique.
/ Reverse Domain Name System (DNS) entries (under ip6.arpa) for fd00::/8 ULAs cannot be delegated in the global DNS.
Reference: RFC 4193

NEW QUESTION: 2
Which of the following prevention methods is considered to be digital security?
A. Firewalls
B. ID badge
C. RFID badge
D. Mantrap
E. Biometrics
Answer: A

NEW QUESTION: 3
Emily De Jong, CFA, works for Charles & Williams Associates, a medium-sized investment firm operating in the northeastern United States. Emily is responsible for producing financial reports to use as tools to attract new clients. It is now early in 2009, and Emily is reviewing information for O'Connor Textiles and finalizing a report that will be used for an important presentation to a potential investor at the end of the week.
Following an acquisition of a major competitor in 1992, O'Connor went public in 1993 and paid its first dividend in 1999. Dividends are paid at the end of the year. After 2008, dividends are expected to grow for three years at 11%: $2.13 in 2009, $2.36 in 2010, and $2.63 in 2011. The average of the arithmetic and compound growth rates are given in Exhibit 1. Dividends are then expected to settle down to a long-term growth rate of 4%. O'Connor's current share price of $70 is expected to rise to $72.92 by the end of the year according to the consensus of analysts' forecasts.
O'Connor's annual dividend history is shown in Exhibit 1.

De Jong is also considering whether or not she should value O'Connor using a free cash flow model instead of the dividend discount model.

The output from the regression appears in Exhibit 2.
De Jong determines that employing the CAPM to estimate the required return on equity suffers from the following sources of error:
* Estimation of the model's inputs (e.g., the market risk premium). The company's dividend payment schedule.
* The accuracy of the beta estimate.
* Whether or not the model is the appropriate one to use.
De Jong observes that two reputable statistical analysis firms estimate betas for O'Connor stock at 0.85 and 1.10. She concludes that the differences between her beta estimate and the published estimates resulted from her use of standard errors in her regression to correct for serial correlation; the other firms did not make a similar adjustment.
De Jong considers using adjusted beta in her analysis. Typically, her company uses 1/3 for the value of .

She determines
that her adjusted beta forecast will be closer to the mean reverting level using this value than it would be using a value of 1/3.
Is De Jong correct about the sources of error in the CAPM?
A. No, because model appropriateness is not a source of error.
B. Yes.
C. No, because the company's dividend payment schedule is not a source of error.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The estimate of the required return on equity using the CAPM does not depend on whether the company pays dividends. (Study Session 18, LOS 64.e)

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