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NEW QUESTION: 1
A floating rate note pays daily overnight LIBOR. It matures in exactly one year. What is the duration of the note?
A. 0.5 years
B. 1 year
C. 0.33 years
D. 0 years
Answer: D
Explanation:
Explanation
Since the note pays daily LIBOR, there is no interest rate risk associated with this instrument. Note that interest rate risk for a fixed income instrument arises when the current interest rate changes to a rate different from that the instrument pays. In this case, the rate floats, and is reset daily, therefore there is no risk and the duration is 0. Choice 'c' is the correct answer.
NEW QUESTION: 2
An EMC NetWorker administrator configures an advanced file type device, setting the device target sessions to two, and max sessions to four. How is data written to the advanced file type device?
A. Each file written by the storage node contains up to four save sets.
B. Four backup jobs will be multiplexed for every two files written to the device.
C. Each save set is written to a separate file.
D. Two save sets will be stored in each file.
Answer: C
NEW QUESTION: 3
A. Option A
B. Option D
C. Option B
D. Option E
E. Option C
Answer: D
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