Pennsylvania Real Estate Commission RePA_Sales_S Q&A - in .pdf

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NEW QUESTION: 1
Which two statements about certificate-based user authentication are true? (Choose two.)
A. Certificate attributes can be used to assign users to roles.
B. Certificate attributes can be used to determine the correct sign-in page.
C. Certificate-based user authentication may not require user input during the authentication exchange.
D. Certificate-based user authentication requires the use of OCSP.
Answer: C,D

NEW QUESTION: 2
A company implements a hybrid cloud solution using the Dell EMC Cloud for Microsoft Azure Stack solution. What Digital Transformation benefit should this solution provide?
A. Reduced control over infrastructure
B. Reduced external networking costs
C. Faster skills development by IT staff
D. Enforcement of data governance location restrictions
Answer: B

NEW QUESTION: 3
Users are attempting to access a company's website but are transparently redirected to another websites. The users confirm the URL is correct. Which of the following would BEST prevent this issue in the futue?
A. IPSec
B. DNSSEC
C. HTTPS
D. TLS/SSL
Answer: B

NEW QUESTION: 4
A firm's earnings break point equals $98 million. Its net income is $58 million and it is committed to a dividend payout ratio of 30%. It's after-tax cost of debt equals 9% and its shareholders demand an expected rate of return of 15%. The firm's WACC equals ________.
A. 11.5
B. 12.2%
C. 9.8%
D. 10.3%
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The retained earnings of the firm = $58*0.7 = $40.6 million. If the earnings breakpoint is $98 million then the firm must issue $(98-40.6) = $57.4 million in debt to maintain constant D/E ratio. This implies that the firm's D/E ratio equals 57.4/40.6 = 1.41. Debt comprises 57.4/98 = 58.57% of the capital structure.
Therefore, WACC = 0.5857*0.09 + 0.4143*15% = 11.49%.

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