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Passive strategies tend to outperform active strategies most reliably when:

The Carhart four-factor model adds which factor to the Fama-French three-factor model?

Essay [12 points] You are a newly hired junior portfolio manager, fresh out of graduate school with a specialization in finance. Minutes before a scheduled review, you learn the lead portfolio manager has been called away unexpectedly. You must conduct the meeting alone. During the session, the client studies the efficient-frontier chart that was prepared for the discussion. The client asks you the following: “On those efficient-frontier charts, what’s the difference between the global minimum-variance (GMV) portfolio and the portfolio that maximizes the Sharpe ratio, and why wouldn’t we always choose the Sharpe-maximizing one?” What is your response to the client?

The primary goal of an active equity manager is to:

Which of the following is an example of an explicit transaction cost?

Which of the following best describes the Capital Asset Pricing Model (CAPM)?

Which approach uses a subset of securities to mimic index characteristics?

A common approach to tackling distributed directory services is to combine structured naming with attributed-based naming. One of the widely used protocols is the Lightweight Directory Access Protocol (LDAP). By selecting an appropriate example, discuss the strengths and weaknesses of this protocol.

a. What are the differences between the blocking and nonblocking receive and sent synchronization primitives?b. Nonblocking receive primitive suffers from serious a drawback. Describe this issue along with its common solution.

What does a higher proportion of debt in a firm’s capital structure indicate?