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NEW QUESTION: 1
NetApp file services solution involves which two protocols? (Choose two.)
A. iSCSl
B. CIFS
C. NFS
D. FCIP
Answer: B,C
Explanation:
Explanation/Reference:
Reference: http://documentation.commvault.com/hds/v10/article?p=products/dm_fs_netapp/ overview.htm#File_Access_Protocols_Support

NEW QUESTION: 2
Donaghy Management Company (DMC) manages several funds only available to high net worth individuals. In preparation for an upcoming meeting, the firm has circulated among its managers the information in Figure 1 on objectives and market expectations relevant to each of three funds.
Figure 1: Fund Strategies and Market Expectations

The manager of Fund A has collected data on put and call options on the broad market index underlying his strategy. The option data are presented in Figure 2. All options presented have the same expiration date.
Figure 2: Option Data for the Broad Market Index

During the meeting, the manager of Fund B states that in order to enhance returns for the fund, he intends to implement a box-spread strategy. The manager explains the strategy by stating, "The ending price of the asset underlying the box-spread strategy has no impact on the payoff of the strategy.
Thus, if the market price of the strategy implies a rate of return greater than the risk-free rate, an arbitrage opportunity exists." Also during the meeting, DMC's president questioned the manager of Fund C about the mechanics of his hedging strategy. The manager explained the strategy with the following comments:
Comment 1: "The hedge position is established to reduce the exposure to certain equity positions by writing call options on those equity positions. The necessary number of short option positions per share of stock held is calculated as the inverse of the option delta." Comment 2: "The hedge position only requires adjusting in the event of a price or volatility change in the underlying and is effective for small changes in the price of the underlying security." Determine whether the comments made by the manager of Fund C with respect to determining the hedge position and adjusting the hedge position are correct.
A. Both Comment 1 and Comment 2 are correct.
B. Only Comment 2 is correct.
C. Only Comment 1 is correct.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The manager of Fund C is correct regarding the method of determining the delta hedge position (Comment
1), but is not correct regarding adjustments to the delta hedge position (Comment 2). In a delta hedge, a short position in call options is offset with a long position in the underlying security (or vice versa). The delta of the option is used as the hedge ratio and is approximately equal to the change in option price divided by the change in the price of the underlying security. The number of shares of stock to purchase to establish the delta hedged position is calculated as:
#Short Call Options x Option Delta = #Shares to Purchase
Rearranging the equation, we see that the option delta can be thought of as the number of shares to purchase per call option sold short.
Option Delta = #Shares to Purchase / #Short Call Options
Since Fund C already holds positions in the shares of the underlying securities, the manager will need to write the call options. We can rearrange the equation above one more time to determine that the number of call options to short per share of the underlying held is equal to the inverse of the option delta.
#Short Call Options / #Shares to Purchase = 1 / Option Delta
The delta of a call option will change in response to a change in any of the variables affecting the option value (i.e., volatility, time, price of the underlying, etc.). Any time the delta of the option changes, the delta hedge must be adjusted. In addition, the hedge is an approximation and is only effective for small changes in the price of the underlying security. (Study Session 15, LOS 43-d)

NEW QUESTION: 3
What is the best description of the relationship between Scrum and extremeProgramming(XP)?
A. The principles of each are often contradictory.
B. The principles of each are often complementary.
C. Scrum is a component of XP.
D. XP is a component of Scrum.
Answer: B
Explanation:
Explanation/Reference:
Explanation: