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NEW QUESTION: 1
説明の上で適切なものを左から右にドラッグします。
Answer:
Explanation:
Explanation
NEW QUESTION: 2
HOTSPOT
Answer:
Explanation:
NEW QUESTION: 3
A standard employment practice that seems to be fair yet results in discrimination against a protected class is a description of what?
A. Unfair treatment
B. Adverse impact
C. Disparate treatment
D. Disparate impact
Answer: D
Explanation:
Answer option C is correct.Disparate impact occurs when an employment practice that seems to be fair unintentionally discriminates against members of a protected class. Disparate treatment (B) occurs when a protected group is treated differently than other applicants or employees. The EEOC defines adverse impact (D) as a substantially different rate of selection in hiring, promotion, or another employment decision that works to the disadvantage of members of a race, a sex, or an ethnic group. Unfair treatment (A) can refer to any perceived difference in how employees are treated. See Chapter 4 for more information. Chapter: Workforce Planning and Employment Objective: Federal Employment Legislation
NEW QUESTION: 4
Which of the following is NOT true about a fixed rate bond:
I. The higher the coupon, the lower the duration
II. The higher the coupon, the lower the convexity
III. If the bond is callable, it has negative modified duration
IV. If the bond is callable, the bond has negative convexity
A. IV
B. III
C. II
D. I
Answer: B
Explanation:
Explanation
A higher coupon brings forward the cash flows of a bond, thereby lowering duration. Therefore statement I is true. The lower the duration the lower the convexity. Therefore a higher coupon leads to lower duration and therefore lower convexity. Thus statement II is true.
Bonds do not have negative modified duration, therefore statement III is false.
If the bond is callable, it leads to negative convexity as a fall in interest rates is likely to induce the issuer to call the bond and re-issue at the new lower interest rates (much like refinancing mortgages when interest rates fall), therefore the upside from a fall in rates is limited. This creates 'negative convexity'. Thus statement IV is correct.
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