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Vendor: CIPS

Exam Code: L5M15 Dumps

Questions and Answers: 104

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NEW QUESTION: 1
Which of the following correctly describes a difference between closed-end and open-end investment
companies?
A. Open-end companies may invest in non-diversified portfolios; closed-end companies are required to
invest only in diversified portfolios.
B. Open-end investment companies have a fixed number of shares; closed-end companies can create
new shares if there are more buyers than sellers.
C. Shares of open-end companies sell on exchange floors; shares of closed-end companies are bought
and sold through the company itself.
D. Open-end investment company shares will never be offered at a price below the net asset value per
share of the fund; this is not true of closed-end companies.
Answer: D
Explanation:
A difference between closed-end and open-end investment companies is that open-end
investment company shares will never be offered at a price below the net asset value of the fund; this is
not true of closed-end companies. The shares of open-end investment companies (mutual funds) are
bought (and sold) through the company itself at net asset value or net asset value plus a load charge.
Therefore, the offer price will always be greater than or equal to the fund's net asset value per share.
Closed-end company shares are bought and sold on exchange floors, and the price is set by supply and
demand, so closed-end shares may sell for less than the net asset value of the fund. Closed-end
companies have a fixed number of shares. Open-end companies can create new shares if there are more
buyers than sellers. Both types of management companies can be either diversified or non-diversified in
their holdings.

NEW QUESTION: 2
Which of the following is considered a mucolytic?
A. Guaifenesin
B. Epinephrine HCL
C. Acetylcysteine
D. Theophylline
Answer: C

NEW QUESTION: 3
You need to configure the Retail Server URL. In which form do you perform this action?
A. Async Server profiles
B. Real-Time Service profiles
C. Channel Data group
D. Channel profiles
Answer: D
Explanation:
Ref: http://technet.microsoft.com/en-us/library/jj677439.aspx

NEW QUESTION: 4
Which two options are valid for configuring IEEE 802.1AE MACSec between switches in a
TrustSec network? (Choose two.)
A. dynamically on links between supported switches
B. in the global configuration of a TrustSec non-seed switch
C. in the global configuration of a TrustSec seed switch
D. in the Cisco Secure Access Control System
E. in the Cisco Identity Services Engine
F. manually on links between supported switches
Answer: A,F


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