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NEW QUESTION: 1
The slope of the SML in an economy is 8.9%. The risk-free rate prevailing in the economy is 4.9%. A security has a correlation coefficient of 0.23 with the market. The market's standard deviation is 15% while that of the security is 19%. The expected return on the portfolio equals ________.
A. 14.19%
B. 13.66%
C. 7.49%
Answer: C
Explanation:
The Security Market Line (SML) is a plot of the expected returns on securities against their betas. CAPM implies that the slope of the SML equals the market risk premium and the intercept equals the risk-free rate. Hence, the data given in the problem imply that the market premium is 8.9%.
To calculate the expected return on the security using CAPM, we must first find its beta. The beta of the security equals the covariance between the security and the market divided by the market variance. Also, the covariance equals the product of the correlation coefficient and the individual standard deviations.
Hence, the covariance between the security and the market equals 0.23 * 0.15 * 0.19 = 0.0066. Therefore, the beta of the security equals 0.0066/(0.152) = 0.29. Therefore, the CAPM expected return on the security equals 4.9% + 0.29 * 8.9% = 7.49%.

NEW QUESTION: 2
He was a un-common small man, he really was. Certainly not so small as he was made out to be, but
where IS your Dwarf as is? He was a most uncommon small man, with a most uncommon large Ed; and
what he had inside that Ed, nobody ever knowed but himself: even supposin himself to have ever took
stock of it, which it would have been a stiff job for even him to do.
The kindest little man as never growed! Spirited, but not proud. When he travelled with the Spotted Baby
though he knowed himself to be a nat'ral Dwarf, and knowed the Baby's spots to be put upon him artificial,
he nursed that Baby like a mother. You never heerd him give a ill-name to a Giant. He DID allow himself
to break out into strong language respectin the Fat Lady from Norfolk; but that was an affair of the 'art; and
when a man's 'art has been trifled with by a lady, and the preference giv to a Indian, he ain't master of his
actions.
He was always in love, of course; every human nat'ral phenomenon is. And he was always in love with a
large woman; I never knowed the Dwarf as could be got to love a small one. Which helps to keep 'em the
Curiosities they are.
One sing'ler idea he had in that Ed of his, which must have meant something, or it wouldn't have been
there. It was always his opinion that he was entitled to property. He never would put his name to anything.
He had been taught to write, by the young man without arms, who got his living with his toes (quite a
writing master HE was, and taught scores in the line), but Chops would have starved to death, afore he'd
have gained a bit of bread by putting his hand to a paper. This is the more curious to bear in mind,
because HE had no property, nor hope of property, except his house and a sarser. When I say his house,
I mean the box, painted and got up outside like a reg'lar six-roomer, that he used to creep into, with a
diamond ring (or quite as good to look at) on his forefinger, and ring a little bell out of what the Public
believed to be the Drawing-room winder. And when I say a sarser, I mean a Chaney sarser in which he
made a collection for himself at the end of every Entertainment. His cue for that, he took from me: "Ladies
and gentlemen, the little man will now walk three times round the Cairawan, and retire behind the curtain."
When he said anything important, in private life, he mostly wound it up with this form of words, and they
was generally the last thing he said to me at night afore he went to bed.
He had what I consider a fine mind--a poetic mind. His ideas respectin his property never come upon him
so strong as when he sat upon a barrel-organ and had the handle turned. Arter the wibration had run
through him a little time, he would screech out, "Toby, I feel my property coming--grind away! I'm counting
my guineas by thousands, Toby--grind away! Toby, I shall be a man of fortun! I feel the Mint a jingling in
me, Toby, and I'm swelling out into the Bank of England!" Such is the influence of music on a poetic mind.
Not that he was partial to any other music but a barrel-organ; on the contrary, hated it.
He had a kind of a everlasting grudge agin the Public: which is a thing you may notice in many
phenomenons that get their living out of it. What riled him most in the nater of his occupation was, that it
kep him out of Society. He was continiwally saying, "Toby, my ambition is, to go into Society. The curse of
my position towards the Public is, that it keeps me hout of Society. This don't signify to a low beast of a
Indian; he an't formed for Society. This don't signify to a Spotted Baby; HE an't formed for Society. I am."
Which of the selections is the best indicator of the closeness of Toby to the Dwarf?
A. The Dwarf used Toby's closing line following his performances.
B. Toby was the last one the Dwarf spoke to before going to bed.
C. Toby was the grinder of the barrel-organ.
D. Toby knew of his desires to join society.
E. Toby knew of his sarser where the Dwarf kept his collection.
Answer: B
Explanation:
We are told "and they was generally the last thing he said to me at night afore he went to bed," which
indicates that Toby was likely the last person the Dwarf was with nightly, creating a bond more significant
than any other.

NEW QUESTION: 3
You have an Azure subscription that contains an Azure virtual machine named VM1. VM1 runs Windows Server 2016 and is part of an availability set.
VM1 has virtual machine-level backup enabled.
VM1 is deleted.
You need to restore VM1 from the backup. VM1 must be part of the availability set.
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:

Explanation