Another question about lambdas

[Michael Heerdegen]

Hello,

My new question for today is:

What's the result of the following expression - and why?  Or maybe it is
invalid?

#+begin_src emacs-lisp
  (let* ((x 'l)
         (f (lambda () x))
         (x 'd))
    (funcall f))
#+end_src


Regards,

Michael.