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NEW QUESTION: 1
Which protocol(s) does Infinite Volumes support?
A. NFS v2 and NFSv3 only
B. NFSv3 and NFSv4 only
C. NFSv3 only
D. NFSv3 and SMB 1.0 only
E. All supported protocols on Data ONTAP
Answer: C
Explanation:
Reference:https://library.netapp.com/ecmdocs/ECMP1196819/html/GUID-D3513D75-2E8B-480D88B4-73A421FBB720.html
NEW QUESTION: 2
Eugene Price, CFA, a portfolio manager for the American Universal Fund (AUF), has been directed to pursue a contingent immunization strategy for a portfolio with a current market value of $100 million. AUF's trustees are not willing to accept a rate of return less than 6% over the next five years. The trustees have also stated that they believe an immunization rate of 8% is attainable in today's market. Price has decided to implement this strategy by initially purchasing $100 million in 10-year bonds with an annual coupon rate of 8.0%, paid semiannually.
Price forecasts that the prevailing immunization rate and market rate for the bonds will both rise from 8% to
9% in one year.
While Price is conducting his immunization strategy he is approached by April Banks, a newly hired junior analyst at AUF. Banks is wondering what steps need to be taken to immunize a portfolio with multiple liabilities. Price states that the concept of single liability immunization can fortunately be extended to address the issue of immunizing a portfolio with multiple liabilities. He further states that there are two methods for managing multiple liabilities. The first method is cash flow matching which involves finding a bond with a maturity date equal to the liability payment date, buying enough in par value of that bond so that the principal and final coupon fully fund the last liability, and continuing this process until all liabilities are matched. The second method is horizon matching which ensures that the assets and liabilities have the same present values and durations.
Price warns Banks about the dangers of immunization risk. He states that it is impossible to have a portfolio with zero immunization risk, because reinvestment risk will always be present. Price tells Banks,
"Be cognizant of the dispersion of cash flows when conducting an immunization strategy. When there is a high dispersion of cash flows about the horizon date, immunization risk is high. It is better to have cash flows concentrated around the investment horizon, since immunization risk is reduced." Assuming an immediate (today) increase in the immunized rate to 11%, the portfolio required return that would most likely make Price turn to an immunization strategy is closest to:
A. 12.5%.
B. 11.7%.
C. 11.0%.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The dollar safety margin hits zero when the portfolio falls to the minimum value necessary to achieve an immunization strategy, and that value is the present value of the liability at the current immunized rate. The present value of $334.39 million at the immunized rate of 11% (for 5 years) is ($134.39 million)/(I.055)10
$78,676 million. To answer the question, therefore, we determine the required return that will push the portfolio value ($100 million, 10-year, 8%, semi-annual bonds) to that amount:
FV - 100,000,000; PMT - $8/2 - 4,000,000; N - 10x2 = 20; PV - -$78,676,000 - CPTI/Y = 5.83x2 = 11.67% If the required return on the portfolio of bonds increases to 11.67%, the present value of the bonds will be exactly the minimum amount necessary to implement an immunization strategy at the current immunized rare. (Study Session 9, LOS 29.i
NEW QUESTION: 3
Which EIGRP packet types are sent as unicast packets?
A. query, SIA query, reply
B. query, SIA query, SIA reply
C. SIA query, reply, ACK
D. hello, update, query
Answer: C
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 4
You have the SOA presented below in your Zone. Your secondary servers have not been able to contact your primary server to synchronize information. How long will the secondary servers attempt to contact the primary server before it considers that zone is dead and stops responding to queries?
collegae.edu.SOA,cikkye.edu ipad.college.edu. (200302028 3600 3600 604800 3600)
A. One day
B. One hour
C. One month
D. One week
Answer: D
Explanation:
The numbers represents the following values: 200302028; se = serial number 3600; ref = refresh = 1h 3600; ret = update retry = 1h 604800; ex = expiry = 1w 3600; min = minimum TTL = 1h
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