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NEW QUESTION: 1
You are creating an application by using HTML5 and CSS3. The styles for the pages are derived from five style sheets.
The styles are not being applied correctly to the pages in the application.
You need to apply the styles from highest priority to lowest priority.
In which order should you use the five style sheets? (To answer, move the style sheet types from the list of style sheet types to the answer area and arrange them in the correct order.)

Answer:
Explanation:

Explanation

* From highest priority to lowest priority.
User important style sheets
Author important style sheets
Author normal style sheets
User normal style sheets
User agent style sheets
* CSS declarations are applied in this order (from lowest to highest priority):
* User agent declarations (the default styles your browser applies to elements)
* User normal declarations (a user's own stylesheet if they're using one)
* Author normal declarations (this is your normal stylesheet)
* Author important declarations (anything your mark important)
* User important declarations (any important styles from the user's stylesheet) Reference: Assigning property values, Cascading, and Inheritance; In what order do CSS definitions take priority
http://www.w3.org/TR/CSS21/cascade.html
http://www.quora.com/In-what-order-do-CSS-definitions-take-priority

NEW QUESTION: 2
How are foreign exchange futures quoted against the US dollar?
A. Futures forex prices are always quoted as the number of US dollars one unit of the foreign currency can buy
B. It can be quoted either way, based on whether the contract is for a short maturity or long
C. It depends upon the currency - futures forex prices follow the same convention as for spot prices
D. Futures forex prices are always quoted as the number of units of the foreign currency that one US dollar can buy
Answer: A
Explanation:
Explanation
Price quotes for futures where one of the currencies is the US dollar follow the convention of using the number of US dollars that one unit of the foreign currency can buy. (For JPY, 100 Yen is used.) In the forward market, the convention used is the same as that used in the spot market.
In the spot market, prices are expressed as the number of units of the foreign currency that 1 USD can buy, except for GBP, EUR, AUD and NZD where it is the other way round (ie, number of USDs that 1 of each of these currencies can buy).

NEW QUESTION: 3
Dan Draper, CFA is a portfolio manager at Madison Securities. Draper is analyzing several portfolios which have just been assigned to him. In each case, there is a clear statement of portfolio objectives and constraints, as welt as an initial strategic asset allocation. However, Draper has found that all of the portfolios have experienced changes in asset values. As a result, the current allocations have drifted away from the initial allocation. Draper is considering various rebalancing strategies that would keep the portfolios in line with their proposed asset allocation targets.
Draper spoke to Peter Sterling, a colleague at Madison, about calendar rebalancing. During their conversation, Sterling made the following comments:
Comment 1: Calendar rebalancing will be most efficient when the rebalancing frequency considers the volatility of the asset classes in the portfolio.
Comment 2: Calendar rebalancing on an annual basis will typically minimize market impact relative to more frequent rebalancing.
Draper believes that a percentage-of-portfolio rebalancing strategy will be preferable to calendar rebalancing, but he is uncertain as to how to set the corridor widths to trigger rebalancing for each asset class. As an example, Draper is evaluating the Rogers Corp. pension plan, whose portfolio is described in Figure 1.

Draper has been reviewing Madison files on four high net worth individuals, each of whom has a $1 million portfolio. He hopes to gain insight as to appropriate rebalancing strategies for these clients. His research so far shows:
Client A is 60 years old, and wants to be sure of having at least $800,000 upon his retirement. His risk tolerance drops dramatically whenever his portfolio declines in value. He agrees with the Madison stock market outlook, which is for a long-term bull market with few reversals.
Client B is 35 years old and wants to hold stocks regardless of the value of her portfolio. She also agrees with the Madison stock market outlook.
Client C is 40 years old, and her absolute risk tolerance varies proportionately with the value of her portfolio. She does not agree with the Madison stock market outlook, but expects a choppy stock market, marked by numerous reversals, over the coming months.
Which of the following statements is most accurate regarding rebalancing strategies? The constant:
A. proportion strategy has a convex payoff curve and a multiplier less than 1.
B. proportion strategy has a concave payoff curve and a multiplier greater than 1.
C. mix strategy has a concave payoff curve and a multiplier less than 1.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The constant mix strategy has a concave payoff curve and a multiplier between 0 and 1. The return on the portfolio using this strategy will increase at a declining rate when stocks go up, and decrease at an increasing rate when stocks go down. The constant proportion strategy has a convex payoff curve and a multiplier greater than 1. The return on a constant proportion portfolio will increase at an increasing rare when stocks go up, and decrease at a declining rate when stocks go down. (Study Session 16, LOS 46.i)