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NEW QUESTION: 1
In UML, what kind of behaviors are state machines used to describe?
A. continuous or discrete
B. software based
C. discrete
D. continuous
Answer: C
NEW QUESTION: 2
Kylie Autumn, CFA, is a consultant with Tri-Vision Group. Robert Lullum, Senior Vice President ai Langsford Investments, has asked for assistance with the evaluation of mortgage-backed and collateralized mortgage obligation (CMO) derivative securities for potential inclusion in several client portfolios. Langsford Investments mainly deals with equity investments and REITs, but the company recently purchased a small firm that invests mainly in fixed-income securities.
Lullum has done some research on the appropriate spread measures and option valuation models for fixed-income securities and wants to clarify some points. He wants to know if the following statements are correct:
Statement 1: The proper spread measure for option-free corporate bonds is the nominal spread.
Statement 2: Callable corporate bonds and mortgage-backed securities should be measured using the option-added spread.
Statement 3: The Z-spread is appropriate for credit card ABS and auto loan ABS.
While Lullum meets with Autumn, Janet Van Ark, CFA charterholder and equity-income portfolio manager for Langsford, is attempting to purchase bonds that may also provide her with equity exposure in the future. She has decided to analyze an 8% annual coupon bond with exactly 20 years to maturity. The bonds are convertible into 10 common shares for each $ 1,000 of par (face) value. The bond's market price is $920, and the common stock has a market price of $40. Van Ark estimates that the stock will increase in value to $70 within the next two years. The stock's annual dividend is $0.40 per share, and the market yield on comparable non-convertible bonds'is 9.5%.
Carl Leighton, a Langsford analyst and Level 2 CFA candidate, works with mortgage-backed and other asset-based securities. He provides Lullum with a list of credit enhancements for asset-backed securities, which includes letters of credit, excess servicing spread funds, overcollateralization, and bond insurance.
Lullum then asks him for a status report of the firm's exposure to paythrough securities. He also asks Leighton to calculate the single-monthly mortality rate (SMM) and estimate the prepayment for the month for a seasoned mortgage pool with a $500,000 principal balance remaining. The scheduled monthly principal payment is $ 150 and the conditional prepayment rate (CPR) is 7%.
How many of the three statements on appropriate spread measures and valuation models are correct?
A. Only two statements are correct.
B. Only one statement is correct.
C. None of the three statements are correct.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Sratemcnt 1 is incorrect. The Z-sprcad is the appropriate spread measure for option-free corporate bonds.
Statement 2 is also incorrect, as it should say option-adjusted spread or "opt ion-re moved spread." Statement 3 is correct. (Study Session 15, LOS 57. i)
NEW QUESTION: 3
Which statements pertaining to the Associated RuleSet setting on data instances is most accurate? (Choose Two)
A. Associating a RuleSet to a data instance assists in application packaging
B. Operator ID instances must be associated with RuleSet
C. Only data associated with RuleSets in your runtime stack can be accessed
D. Access group instances must be associated with a RuleSet
E. The associated RuleSet for data instances of certain classes are set by wizards
Answer: A,E
NEW QUESTION: 4
뉴욕 사무소의 연결 요구 사항을 충족해야 합니다.
어떻게 해야 합니까? 답변하려면 답변 영역에서 적절한 옵션을 선택하십시오.
참고 : 각각의 올바른 선택은 1 포인트의 가치가 있습니다.
Answer:
Explanation:
Explanation
Box 1: Create a virtual network gateway and a local network gateway.
Azure VPN gateway. The VPN gateway service enables you to connect the VNet to the on-premises network through a VPN appliance. For more information, see Connect an on-premises network to a Microsoft Azure virtual network. The VPN gateway includes the following elements:
* Virtual network gateway. A resource that provides a virtual VPN appliance for the VNet. It is responsible for routing traffic from the on-premises network to the VNet.
* Local network gateway. An abstraction of the on-premises VPN appliance. Network traffic from the cloud application to the on-premises network is routed through this gateway.
* Connection. The connection has properties that specify the connection type (IPSec) and the key shared with the on-premises VPN appliance to encrypt traffic.
* Gateway subnet. The virtual network gateway is held in its own subnet, which is subject to various requirements, described in the Recommendations section below.
Box 2: Configure a site-to-site VPN connection
On premises create a site-to-site connection for the virtual network gateway and the local network gateway.
Scenario: Connect the New York office to VNet1 over the Internet by using an encrypted connection.
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