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Exam Code: FPC-Remote
Exam Name: Fundamental Payroll Certification
Vendor: APA

60 Questions & Answers
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NEW QUESTION: 1
A portfolio consists of 2 bonds:Bond | Maturity | Coupon | Duration | Proportion in Portfolio
Bond A | 10 years | 8% | 6.7 | 60% Bond B | 7 years | 5.2% |3.9 | 40%
If there is an upward parallel shift in yields by 61 basis points, what will be percentage change in the portfolio value?
A. 3.4%
B. -5.58%
C. -3.4%
Answer: C
Explanation:
Portfolio Duration = wA DA + wB DB = 0.6*6.7 + 0.4 * 3.9 = 5.58.
Percentage change = %* = -5.58 x (0.0061) = -3.4%.Note that we can only use this computation if there is a parallel change in yields for all the bonds.

NEW QUESTION: 2
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A. To identify a station in Neighbor discovery
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C. To identify a station in the Access List:
Answer: C

NEW QUESTION: 3
Note: This question is part of a series of questions that use the same or similar answer choices. An answer choice may be correct for more than one question in the series. Each question is independent of the other questions in this series. Information and details provided in a question apply only to that question.
You create a table by running the following Transact-SQL statement:

You need to return normalized data for all customers that were added in the year 2014.
Which Transact-SQL statement should you run?
A:

B:

C:

D:

E:

F:

G:

H:

A. Option C
B. Option H
C. Option D
D. Option E
E. Option G
F. Option A
G. Option B
H. Option F
Answer: E


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