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SAP C_HRHPC_2405

SAP Certified Associate - Implementation Consultant - SAP SuccessFactors for Employee Central Payroll

Questions and Answers : 347
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NEW QUESTION: 1
Mary Rolle and Betty Sims are portfolio managers for RS Global Investments, located in Toronto, Canada.
RS specializes in seeking undervalued stocks and bonds throughout the North American, Asian, and European markets. RS has clients throughout North America, however, the majority are Canadian institutional investors. RS has traditionally managed currency risk in their portfolios by assigning it to their portfolio managers. The manager is allowed discretion for hedging currency risk within the confines of the investor's investment policy statement.
Rolle and Sims are currently deciding whether to hedge the currency risk of a portfolio of Japanese stocks.
Rolle explores the possibility of using three different currency hedges. Each is an option contract on the yen-Canadian dollar exchange rate.

RS has a portfolio of European stocks and would like to change its equity risk. They can enter into futures contracts on the Eurostoxx index of large European stocks. The information below provides the characteristics of the futures contract and the portfolio.
Portfolio value in euros 2,000,000
Desired beta value 1.80
Current portfolio beta 0.60
Beta of futures contract 1.02
Value of one futures contract in euros 110,000
RS is also invested in British and Argentine stocks. RS has taken a position in two main sectors of the British economy. The first sector consists of manufacturers who derive a great deal of their business from exporting to the United States and Canada. The other sector consists of British service firms who are largely immune from international competition, because most of their business is localized and cannot be provided by foreign firms. The main investment in the Argentine stocks consists of firms who provide cellular phone service to Argentine consumers. Rolle and Sims discuss which currency positions RS should hedge.
RS occasionally invests in mortgage-backed securities sold in the United States. The growth in these securities has increased tremendously over the past three decades as firms have used securitization to remove the risk of these securities from their balance sheet. RS holds a mortgage security issued by CWC International. This mortgage security has a coupon rate higher than newly issued mortgage securities.
Sims discusses the return for this security when hedged with a short position in Treasury bond futures.
Rolle and Sims further discuss how to hedge the risk of mortgage securities. Rolle states that two Treasury bond futures contracts are typically used instead of just one. Sims states that a hedge becomes more important if the volatility of interest rates increases.
Which of following best describes the approach used by RS to manage currency risk?
A. Balanced Mandate.
B. Currency as a separate asset allocation.
C. Currency overlay.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
RS Is using a balanced mandate approach. In a balanced mandate approach, the manager is allowed discretion for hedging currency risk within the guidelines of the investors investment policy statement. This approach manages currency risk as an integral part of the portfolio. It allows the manager to view the interaction between the risk of the asset and the currency. The currency overlay approach would assign the currency hedging process to another manager when the portfolio manager does not have the necessary hedging expertise. The overall process is still managed within the guidelines established by the investment policy statement. The currency as a separate asset allocation approach manages currency risk separate from the rest of the portfolio, such that the cash manager decides which currencies to hedge.
(Study Session 14, LOS 41 .i)

NEW QUESTION: 2
DRAG DROP
Your network contains an Active Directory domain named contoso.com. All client computers run Windows 8.
Group Policy objects (GPOs) are linked to the domain as shown in the exhibit. (Click the Exhibit button.)

GPO2 contains computer configurations only and GP03 contains user configurations only.
You need to configure the GPOs to meet the following requirements:
Ensure that GPO2 only applies to the computer accounts in OU2 that have more than one processor.
Ensure that GP03 only applies to the user accounts in OU3 that are members of a security group named SecureUsers.
Which setting should you configure in each GPO?
To answer, drag the appropriate setting to the correct GPO. Each setting may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.

Answer:
Explanation:


NEW QUESTION: 3
Which three prerequisites must be created to enable Cisco UCS authentications via LDAP?
(Choose three)
A. authentication domain
B. LDAP group map
C. LDAP provider group
D. LDAP server
E. remotely authenticated user
F. LDAP provider
Answer: B,C,F

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    SAP C_HRHPC_2405 (SAP Certified Associate - Implementation Consultant - SAP SuccessFactors for Employee Central Payroll)

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    SAP C_HRHPC_2405 (SAP Certified Associate - Implementation Consultant - SAP SuccessFactors for Employee Central Payroll)

    VCE Exam Simulator Q&A : 347
    Q&A Update On : January 3, 2019
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