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NEW QUESTION: 1
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サービスがトリガーされる順序は何ですか？
A. オンボードプロビジョニング、オンボード事前認証、オンボード承認、オンボードプロビジョニング
B. オンボードプロビジョニング、オンボード事前認証、オンボード認証
C. オンボードプロビジョニング、オンボード認証、オンボード事前認証
D. オンボード認証、オンボードプロビジョニング、オンボード認証
E. オンボードプロビジョニング、オンボード認証、オンボードプロビジョニング
Answer: E
NEW QUESTION: 2
Which of the following statements is (are) true with respect to the usage of the various forms of duration and convexity measures?
I). Holding everything constant, Modified duration will always be higher than Macaulay duration.
II). Both modified duration and Macaulay duration assume that the cash flows from a bond will not be affected by changes in interest rates.
III). If interest rates are low enough, effective duration and modified duration will yield the same results for a callable bond.
IV). When there is increasing likelihood that the issuer will call the bonds, effective convexity should be used as opposed to modified convexity.
A. II and IV.
B. III and IV.
C. I and II.
Answer: A
Explanation:
I is incorrect because modified duration is simply Macaulay duration divided by one plus the periodic yield. Since Macaulay duration is being divided by a factor greater than one, the modified duration will be less than the Macaulay duration.
III is incorrect because if interest rates are low enough, the issuer may actually call the bonds. Thus, effective duration, which takes into account embedded options, will produce results that are very different from that of modified duration.
NEW QUESTION: 3
Which of the following BEST describes the term value proposition?
A. The proposed value of benefits in a cost-benefit analysis.
B. The net present value of a proposed project.
C. The value that a product or service offers to customers.
D. The value of the Internal Rate of Return of a project.
Answer: C
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