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NEW QUESTION: 1
A portfolio manager with Churn Brothers Brokerage has recently been approached by one of its institutional accounts requesting that the dollar-weighted rate of return for the Microspeculative investment be calculated. Consider the following series of transactions: t0: Purchase 20,000 shares for
$ 0.90 per share t1: Purchase 50,000 shares for $1.13 per share t2: Purchase 50,000 shares for $1.20 per share t3: Sell 20,000 shares of for $1.22 per share Sell 80,000 shares of for $1.20 per share Sell 20,000 shares of for $1.17 per share Ignoring commissions, what is the dollar-weighted rate of return for this investment?
A. 4.94%
B. (3.77%)
C. 4.02%
Answer: C
Explanation:
Remember that the dollar-weighted rate of return uses the IRR equation in the determination of its answer. Further, the dollar-weighted rate of return is another name for the IRR equation, and this nomenclature is commonly used within the field of investment management. The logic behind this characterization is the fact that the IRR equation takes into account both the timing and scale of all project cash flows. In the determination of the dollar-weighted rate of return calculation, the first step should be to identify the cash flows for each period. This process is illustrated as follows:
t0: -20,000 shares purchased * $0.90 per share] = [$18,000]
t1: -50,000 shares purchased * $1.13 per share] ] = [$56,500]
t2: -50,000 shares purchased * $1.20 per share] = [$60,000]
t3: [(20,000 shares sold * $1.22 per share) + (80,000 shares sold * $1.20) + (20,000 shares sold * $1.17 per share)] = $143,800
Now that the cash flows have been determined, incorporating this information into your calculator's cash flow worksheet and solving for IRR will yield a dollar-weighted rate of return of 4.02% for this investment.

NEW QUESTION: 2
You have a SQL database that contains a table named Products.
You are implementing a stored procedure that retrieves the list of products, performs custom business logic and then retrieve the list of products again.
The custom business logic in the stored procedure does not modify data from the Products table.
The stored procedure contains the following:

You need to complete line 01 of the stored procedure to ensure that when the transaction occurs, the data read from the SELECT * FROM Products statement on line 05 is identical to the data read from the SELECT * FROM Products statement on line 10. The solution must maximize concurrency.
Part of the correct Transact-SQL has been provided in the answer area below. Enter the code in the answer area that resolves the problem and meets the stated goals or requirements. You can add code within the code that has been provided as well as below it.


Use the Check Syntax button to verify your work. Any syntax or spelling errors will be reported by line and character position.
Answer:
Explanation:
REPEATABLE READ
Explanation
Add REPEATABLE READ to line 1 to get:
SET TRANSACTIONISOLATION LEVEL REPEATABLE READ;
REPEATABLE READ specifies that statements cannot read data that has been modified but not yet committed by other transactions and that no other transactions can modify data that has been read by the current transaction until the current transaction completes.

NEW QUESTION: 3
Given the SAS data set WORK.EMP_NAME:

Given the SAS data set WORK.EMP_DEPT:

The following program is submitted:

How many observations are in data set WORK.ALL after submitting the program?
A. 0
B. 1
C. 2
D. 3
Answer: A

NEW QUESTION: 4

A. Option C
B. Option D
C. Option B
D. Option E
E. Option A
Answer: A,B,D,E