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NEW QUESTION: 1
William Rogers, a fixed-income portfolio manager, needs to eliminate a large cash position in his portfolio.
He would like to purchase some corporate bonds. Two bonds that he is evaluating are shown in Exhibit I.
These two bonds are from the same issuer, and the current call price for the callable bond is 100. Assume that the issuer will call if the bond price exceeds the call price.
Rogers is also concerned about increases in interest rates and is considering the purchase of a putable bond. He ants to determine how assumed increases or decreases in interest rate volatility affect the value of the straight bonds and bonds with embedded options. After Rogers performs some analysis, he and his supervisor, Sigourney Walters, discuss the relative price movement between the two bonds in Exhibit 1 when interest rates change significantly During the discussions, Rogers makes the following statements:
Statement 1: If the volatility of interest rates decreases, the value of the callable bond will increase.
Statement 2: The noncallable bond will not be affected by a change in the volatility or level of interest rates.
Statement 3: When interest rates decrease, the value of the noncallable bond increases by more than the callable bond.
Statement4: If the volatility of interest rates increases, the value of the putable bond will increase.
Walters mentors Rogers on bond concepts and then asks him to consider the pricing of a third bond. The third bond has five years to maturity, a 6% annual coupon, and pays interest semiannually. The bond is both callable and putable at 100 at any time. Walters indicates that the holders of the bond's embedded options will exercise if the option is in-the-money.

Rogers obtained the prices shown in Exhibit b using software that generates an interest rate lattice. He uses his software to generate the interest rate lattice shown in Exhibit 2.
Exhibit 2: Interest Rate Lattice (Annualized Interest Rates)

Using the information in the question and the following relevant portion of the interest rate and pricing trees, Rogers calculates the value of the noncallable bond at node A.
Corresponding portion of the interest rate tree:

Corresponding portion of the binomial price tree:

The price of the noncallable bond at node A is closest to:
A. 96.14% of par.
B. 89.84% of par.
C. 93.26% of par.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The answer is 93.26. This value of the non-callable bond at node A is computed as follows:

(Study Session 14, LOS 54.d)

NEW QUESTION: 2

A. Option D
B. Option C
C. Option A
D. Option B
Answer: B
Explanation:
Explanation
Amazon RDS Read Replicas provide enhanced performance and durability for database (DB) instances. This replication feature makes it easy to elastically scale out beyond the capacity constraints of a single DB Instance for read-heavy database workloads. You can create one or more replicas of a given source DB Instance and serve high-volume application read traffic from multiple copies of your data, thereby increasing aggregate read throughput. Read replicas can also be promoted when needed to become standalone DB instances.
Option A is invalid because you would need to maintain the synchronization yourself with a secondary instance.
Option B is invalid because you are introducing another layer unnecessarily when you already have read replica's Option D is invalid because you only use this for Standy's For more information on Read Replica's, please refer to the below link:
* https://aws.amazon.com/rds/details/read-replicas/

NEW QUESTION: 3
You develop a database for a travel application. You need to design tables and other database objects. You need to store media files in several tables. Each media file is less than 1 MB in size. The media files will require fast access and will be retrieved frequently. What should you do?
A. Use the FORMAT function.
B. Use the DATETIME2 data type.
C. Use the TODATETIMEOFFSET function.
D. Use a user-defined table type.
E. Use an appropriate collation.
F. Use the DATETIME data type.
G. Use the CAST function.
H. Use the DATETIMEOFFSET data type.
I. Use the VARBINARY data type.
J. Use the DATE data type.
Answer: I
Explanation:
Reference: http://msdn.microsoft.com/en-us/library/ms188362.aspx

NEW QUESTION: 4
Sie müssen die OOBE-Anforderungen für Windows AutoPilot erfüllen.
Welche zwei Einstellungen sollten Sie über das Azure Active Directory-Blade konfigurieren? Um zu antworten, wählen Sie die entsprechenden Einstellungen im Antwortbereich.
HINWEIS: Jede richtige Auswahl ist einen Punkt wert.

Answer:
Explanation:

Reference:
https://blogs.msdn.microsoft.com/sgern/2018/10/11/intune-intune-and-autopilot-part-3-preparing-your-environment/
https://blogs.msdn.microsoft.com/sgern/2018/11/27/intune-intune-and-autopilot-part-4-enroll-your-first-device/