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NEW QUESTION: 1
Imagine two perpetual bonds, ie bonds that pay a coupon till perpetuity and the issuer does not have an obligation to redeem. If the coupon on Bond A is 5%, and on Bond B is 15%, which of the following statements will be true:
I. The Macaulay duration of Bond A will be 3 times the Macaulay duration of Bond B.
II. Bond A and Bond B will have the same modified duration
III. Bond A will be priced at less than 1/3rd the price of Bond B
IV. Both Bond A and Bond B will have a duration of infinity as they never mature
A. I and II
B. III and IV
C. IV and I
D. II
Answer: D
Explanation:
Explanation
The modified duration of a perpetual bond is given by 1/i, where i is the yield. Since I is a positive number greater than zero, it means the modified duration of a perpetual bond is not infinity. Also note that this formula makes no reference to the coupon rate at all - in other words, the modified duration of a perpetual bond is independent of the coupon. The Macaulay duration of a perpetual bond is given by (1+i)/i, again a formula devoid of any references to the coupon. The price of a perpetual bond can be calculated as Coupon/i, which means that a 15% coupon perpetual bond will be priced at exactly 3x the price of a 5% coupon bond.
Based on the above, statement I is incorrect, but statement II is correct. Statement III is incorrect because Bond A will be priced at exactly 1/3rd the price of Bond B, and not less than that. Similarly, statement IV is incorrect as well.
Intuitively, a perpetual bond is nothing but a perpetual annuity, which will have a present value equal to 1/i * cash flow (which in this case is the coupon). The coupon rate only sets the cash flow dollar amount - there is really no difference between the two bonds described in the question except that buying one of Bond B is economically identical to buying three of Bond A.

NEW QUESTION: 2
Which three fragments will complete this statement correctly? In a cluster environment, an ACFS volume _____________.
A. must be mounted before it can be registered
B. must be manually mounted after a node reboot
C. will be automatically mounted by a node if it is defined as a cluster resource when a dependent cluster resource requires access
D. will be automatically mounted by a node on cluster stack startup if it is included in the ACFS mount registry
E. will be automatically mounted by a node on reboot by default
F. will be automatically mounted to all nodes in the cluster when the file system is registered
Answer: C,D,F
Explanation:
About the Oracle ACFS Mount Registry The Oracle ACFS mount registry supports both Oracle Restart and Oracle Grid Infrastructure cluster configurations. File systems that are to be mounted persistently (across reboots) can be registered with the Oracle ACFS mount registry. In cluster configurations, registered Oracle ACFS file systems are automatically mounted by the mount registry, similar to a clusterwide mount table. However, in Oracle Restart configurations the automatic mounting of registered Oracle ACFS file systems is not supported. For more information, see "Oracle ACFS and Oracle Restart". By default, an Oracle ACFS file system that is inserted into the cluster mount registry is automatically mounted on all cluster members, including cluster members that are added after the registry addition. However, the cluster mount registry also accommodates single-node and multi-node (subset of cluster nodes) file system registrations. The mount registry actions for each cluster member mount only registered file systems that have been designated for mounting on that member. The Oracle ACFS registry resource actions are designed to automatically mount a file system only one time for each Oracle Grid Infrastructure initialization to avoid potential conflicts with administrative actions to dismount a given file system. Oracle ACFS Individual File System Resource Management The Oracle ACFS individual file system resource is supported only for Oracle Grid Infrastructure cluster configurations; it is not supported for Oracle Restart configurations. See "Oracle ACFS and Oracle Restart". Oracle ASM Configuration Assistant (ASMCA) facilitates the creation of Oracle ACFS individual file system resources (ora.diskgroup.volume.acfs). During database creation with Database Configuration Assistant (DBCA), the individual file system resource is included in the dependency list of its associated disk group so that stopping the disk group also attempts to stop any dependent Oracle ACFS file systems. An Oracle ACFS individual file system resource is typically created for use with application resource dependency lists. For example, if an Oracle ACFS file system is configured for use as an Oracle Database home, then a resource created for the file system can be included in the resource dependency list of the Oracle Database application. This dependency causes the file system and stack to be automatically mounted due to the start action of the database application. An Oracle ACFS file system that is to be mounted from a dependency action should not be included in the Oracle ACFS mount registry.
Oracle@ Automatic Storage Management Administrator's Guide 11g Release 2 (11.2)

NEW QUESTION: 3
Die Implementierung einer strengen Kennwortrichtlinie ist Teil der Informationssicherheitsstrategie eines Unternehmens für das Jahr.
Ein Geschäftsbereich ist der Ansicht, dass die Strategie die Akzeptanz einer kürzlich entwickelten mobilen Anwendung durch einen Kunden nachteilig beeinflussen kann, und hat beschlossen, die Richtlinie nicht umzusetzen. Welche der folgenden Maßnahmen ist die BESTE Vorgehensweise des Informationssicherheitsmanagers?
A. Benchmarking mit ähnlichen mobilen Anwendungen, um Lücken zu identifizieren
B. Eskalation der Nichtumsetzung der Richtlinie an die Geschäftsleitung
C. Entwickeln und implementieren Sie eine Kennwortrichtlinie für die mobile Anwendung
D. Analysieren Sie das Risiko und die Auswirkungen einer Nichtumsetzung der Richtlinie.
Answer: D