CTTAM Civil-Engineering-Technology Q&A - in .pdf

  • Civil-Engineering-Technology pdf
  • Exam Code: Civil-Engineering-Technology
  • Exam Name: Technical Examination - Civil Engineering Technology C.E.T
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
Zi Wang is a senior buy-side equity analyst with Shandong Securities. Wang must review the work of several of his junior colleagues before investment recommendations go to the Shandong portfolio managers. One recommendation from a junior analyst is given in Exhibit 1.

This same junior analyst e-mailed Wang, saying "I'm in a meeting and hate to bother you. I don't have my calculator or computer with me. We have a British stock with a current £4.00 dividend that is expected to grow at 40% per year for two years and then forever after at 6%, If we assume a required return of 12%, what is the value of this stock?" in a few minutes, Wrang e-mails him back: "The British stock is worth £110.42" The junior analyst sends back a second e-mail. "Thanks. If we can buy this stock for £90, what rate of return would we get? Assume the same dividend pattern as in my first e-mail." Wang replies to the second e-mail: "I used trial and error and found an expected rate of return for the British stock of 12%." One of Shandong's portfolio managers asks Wang to clarify the PVGO (present value of growth opportunities) concept for him. Wang tells him, "PVGO is the part of a stock's total value that comes from future growth opportunities. PVGO is conventionally estimated as the market value per share minus the book value per share." The Shandong portfolio manager quickly follows up with two more requests. He says, "I need a couple of favors. First, could you describe the sustainable growth rate concept for us? We've been arguing about it among ourselves. And, second, could you review some highlighted phrases from a research report we received from one of our investment bankers? We aren't sure that the analyst who wrote this report is very competent." The highlighted phrases are:
Phrase 1: When calculating the justified P/E ratios based on a constant growth model like the Gordon model, the forward P/E should be greater than the trailing P/E.
Phrase 2: A free cash flow approach might be preferable when the company's cash flows differ substantially from dividends or the investor takes a control perspective.
Phrase 3: When the required rate of return increases, the value of a share of stock should decrease even if the stock's dividend has a negative growth rate.
Upon review, should Wang accept the estimated intrinsic value and investment recommendation for Aussie Shipping?
A. No. The intrinsic value is AUD 39.29, although the recommendation is still a "buy."
B. No. The intrinsic value is AUD 31.67, and the recommendation should be "do not buy."
C. Yes.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The required rate of return for Aussie Shipping is:

(Study Session ll, LOS 40.d)

NEW QUESTION: 2
You plan to deploy Windows 7 by using a virtual hard disk (VHD).
You need to ensure that when a computer starts from the VHD, the Windows 7 installation programs will run the out-of-box-experience (OOBE) portion of the setup.
What should you do?
A. Start the computer by using the Windows 7 installation media and then select Install now.
B. Copy install.wim from the Windows 7 installation media to the VHD.
C. Use ImageX to apply install.wim from the Windows 7 installation media to the VHD.
D. Start the computer by using the Windows Preinstallation Environment (Windows PE) and then run Diskprep.exe.
Answer: C
Explanation:
WIM images are file-based and can be installed on a VHD or placed on a network share for distribution. You can store several images in the same WIM file. Talks about Capturing the Installation onto a Network Share, but still applies. You can capture an image of your reference computer by using Windows PE and the ImageX tool. Then you store that image on a network share. Alternatively, on a computer running Windows 7 Enterprise or Ultimate edition, you can store the image on a VHD and make that VHD bootable. To capture the installation image you have created on your reference computer to a network share, perform the following procedure:
1.Insert your Windows PE media into your reference computer and restart the computer. As before, you may have to override the boot order to boot from the CD/DVD-ROM drive. If so, select the appropriate function key to override the boot order during initial boot.
2.Windows PE starts and opens a command-prompt window. Use the ImageX tool located on your Windows PE media to capture an image of your reference computer installation. For example, if your optical drive is drive E:, your installation is on drive C:, and you want to capture the image on drive D:, you would enter: e:\imagex.exe /capture C: d:\installationimage.wim "my Win7 Install" /compress fast /verify
3.Copy the image to a network location. For example, enter: net use y: \\network_share\images copy d:\myimage.wim y:
4.If necessary, provide network credentials for appropriate network access. Your image is now on volume Y:

NEW QUESTION: 3
Which command must be configured to establish a BGP peer relationship between indirectly connected EBGP peers?
A. Peer ebgp-max-hop
B. Peer ignore
C. Peer connect-interface
D. Peer valid-ttl-hops
Answer: A

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