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Exam Code: Civil-Engineering-Technology
Exam Name: Technical Examination - Civil Engineering Technology C.E.T
Version: V22.75
Q & A: 580 Questions and Answers
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NEW QUESTION: 1
A. Option B
B. Option D
C. Option C
D. Option A
Answer: A
Explanation:
Arrival overview (form) [AX 2012]
* The overvieb tabConsists of five main sections:
/ Filter options for the information that is displayed in the form.
Etc
/ The Setup tab:Setup option for the information that is to be displayed on the Overview tab.
NEW QUESTION: 2
A SPARC-based system has been rebooted, but no one can gain access to it. When investigating, the console shows this message:
Which action can you take to get the system working again?
A. boot -rs
B. boot -s
C. boot /etc/path_to_inst
D. boot -ars
Answer: D
NEW QUESTION: 3
Consider an annual coupon bond with the following characteristics:
For a 75 basis point change in interest rates, the bond's duration is:
A. 8.79 years.
B. 5.80 years.
C. 5.09 years.
D. 8.17 years.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Since the bond has an embedded option, we will use the formula for effective duration.(This formula is the same as the formula for modified duration, except that the "upper price bound" is replaced by the call price.) Thus, we only need to calculate the price if the yield increases 75 basis points, or 0.75%.
Price if yield increases 0.75%: FV =100, I/Y =7.25= 6.50 + 0.75, N =12, PMT =6.5, Compute PV = 94.12 The formula for effective
jjoachim_SS15_1_C_j_duration
Where:
V-
= Call price/price ceiling
V+
= estimated price if yield increases by a given amount,ꢀy
V0
= initial observed bond price
y
ꢀ
= change in required yield, in decimal form
Here,effective duration = (101.75 - 94.12) / (2 * 100 * 0.0075) = 7.63 / 1.5 =5.09 years.
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