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NEW QUESTION: 1
Shaker Chin has an 11.000%, 4 year bond that is selling for a price of $98.432 and is currently yielding 11.50%. The table below shows how the price will vary given a 235 Basis Point change in market interest rates. Assuming the duration is 3.159 and the convexity is 6.296, what is the total estimated percentage price change based on a 235 BP market rate increase?
A. -7.0769%
B. 7.7723%
C. -4.1071%
Answer: A
Explanation:
This answer requires candidates to recognize how to handle an interest rate decrease. The duration estimate is a negative while the positive convexity is a positive adjustment. The detailed solution follows.
Estimated change using duration = Approximate percentage price change = -duration * dy *100, since duration = 3.159 and dy =
The estimated change associated with duration = -7.425%
Convexity adjustment = convexity measure * (dy)2 * 100 Since convexity = 6.296, and (dy)2 = (0.0235)2
The adjustment associated with convexity = +0.348%
Total estimated percentage price change = The estimated change associated with duration + estimated change associated with convexity = -7.425% + 0.348% =-7.0769%
Another simple solution is to take prices as given:
(91.466 - 98.432)/98.432 = - 0.070770 = -7.0770%.
However, you'd better understand how to derive the answer using duration and convexity!

NEW QUESTION: 2
You are using earned value progress reporting for your current project in an effort to teach your software developers the benefits of earned value. You plan to display project results on the cafeteria bulletin board so that the team knows how the project is progressing.
PV = $2,200
EV = $2,000
AC = $2,500
BAC = $10,000
According to earned value analysis, the SV and status of the project described above is______________
A. -$200; the project is behind schedule
B. -$300; the project is ahead of schedule
C. +$200; the project is ahead of schedule
D. +$8,000; the project is on schedule
Answer: A
Explanation:
SV is calculated as EV - PV (in this case, $2,000 - $2,200). A negative variance means that the work completed is less than what was planned for at that point in the project. [Monitoring and Controlling] PMI@, PMBOK@ Guide, 2013, 224

NEW QUESTION: 3
Refer to the exhibit.

A customer reports that after a network failure, all of the Cisco Jabber clients are not switched back to their home nodes. An engineer determines that the primary Cisco IM&P server is in Failed Over state. Which two actions should be performed to bring the system back to operational state and to prevent future occurrences?
(Choose two.)
A. Advise all users to re-login to their Jabber clients.
B. Perform a restart of the IM&P primary server to force fallback.
C. Confirm that both IM&P servers are configured in the Presence Redundancy Group configuration pane.
D. Set the Automatic Failover parameter in the Server Recovery Manager Service Parameters to the value True.
E. Click the Fallback button in the Server Action pane.
Answer: C,E

NEW QUESTION: 4

A. Yes
B. No
Answer: A
Explanation:
Explanation
MFA for Office 365 requires users to acknowledge a phone call, text message, or app notification on their smart phones after correctly entering their passwords.
References:
https://support.office.com/en-us/article/Set-up-multi-factor-authentication-for-Office-365-users-8f0454b2-f51a-4