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NEW QUESTION: 1
Product Backlog Items must be non-technical and independent.
Why should the Product Backlog Items be independent?
A. Because it must be possible to organize the items according to value.
B. Because not more than 10% of the time is spent grooming the items.
C. Because there are themes that create a capability in the solution.
Answer: A
NEW QUESTION: 2
A. Set-SPTimerJob
B. Start-SPTimerJob
C. Enable-SPTimerJob
D. Disable-SPTimerJob
E. Get-SPTimerJob
Answer: A
NEW QUESTION: 3
Two HP OpenFlow switches are connected to an intermediate layer 2 switch running LLDP, but not OpenFlow. This intermediate switch is configured with a single VLAN. Which protocol is used by the OpenFlow switches to discover this multi-hop link?
A. ND
B. CDP
C. BDDP
D. LLDP
Answer: C
Explanation:
The LLDP messages allow the link service to discover that there is physical link between two switches. If the LLDP message on one side of the link (Packet_Out) is received on the other side of the link (Packet_In) by a switch, LS knows that the two switches are connected to each other. The service is also responsible for identifying multi-hop links. These are links where non-OpenFlow devices are connected between two OpenFlow switches and thus separate the OpenFlow switches. The Link Service does this by sending BDDP (Broadcast version of LLDP) messages in addition to LLDP messages. LLDP is a one hop protocol and may be consumed by a non-OpenFlow switch because LLDP uses a multicast address which the intermediate switch may have subscribed to the LLDP multicast. However, a broadcast frame (BDDP) will be forwarded typically by the intermediate switch. BDDP has the same TLV information as LLDP.
Reference: HP SDN Network Services Modules
NEW QUESTION: 4
Dan Draper, CFA is a portfolio manager at Madison Securities. Draper is analyzing several portfolios which have just been assigned to him. In each case, there is a clear statement of portfolio objectives and constraints, as welt as an initial strategic asset allocation. However, Draper has found that all of the portfolios have experienced changes in asset values. As a result, the current allocations have drifted away from the initial allocation. Draper is considering various rebalancing strategies that would keep the portfolios in line with their proposed asset allocation targets.
Draper spoke to Peter Sterling, a colleague at Madison, about calendar rebalancing. During their conversation, Sterling made the following comments:
Comment 1: Calendar rebalancing will be most efficient when the rebalancing frequency considers the volatility of the asset classes in the portfolio.
Comment 2: Calendar rebalancing on an annual basis will typically minimize market impact relative to more frequent rebalancing.
Draper believes that a percentage-of-portfolio rebalancing strategy will be preferable to calendar rebalancing, but he is uncertain as to how to set the corridor widths to trigger rebalancing for each asset class. As an example, Draper is evaluating the Rogers Corp. pension plan, whose portfolio is described in Figure 1.
Draper has been reviewing Madison files on four high net worth individuals, each of whom has a $1 million portfolio. He hopes to gain insight as to appropriate rebalancing strategies for these clients. His research so far shows:
Client A is 60 years old, and wants to be sure of having at least $800,000 upon his retirement. His risk tolerance drops dramatically whenever his portfolio declines in value. He agrees with the Madison stock market outlook, which is for a long-term bull market with few reversals.
Client B is 35 years old and wants to hold stocks regardless of the value of her portfolio. She also agrees with the Madison stock market outlook.
Client C is 40 years old, and her absolute risk tolerance varies proportionately with the value of her portfolio. She does not agree with the Madison stock market outlook, but expects a choppy stock market, marked by numerous reversals, over the coming months.
indicate whether Sterling's comments related to calendar rebalancing are correct or incorrect.
A. Only comment 1 is correct.
B. Both comments are correct.
C. Only comment 2 is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Comment 1 is correct. The success of a calendar rebalancing strategy will depend in large part on whether the rebalancing frequency is appropriate to the volatility of the component asset classes. If volatility is high (or rebalancing infrequent), the asset mix can drift to the point where rebalancing could create a market impact, thus increasing the cost of rebalancing dramatically. If volatility is low (or rebalancing too frequent), the portfolio could incur numerous costly small trades to achieve minor adjustments in the asset mix.
Comment 2 is incorrect. Annual rebalancing is most likely too infrequent. The asset mix may well drift far enough over a year s time to necessitate large trades to rebalance. These trades would increase market impact. Market impact will be lower with more frequent rebalancing. (Study Session 16, LOS 46.e)