Veritas VCS-284 Q&A - in .pdf

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  • Exam Code: VCS-284
  • Exam Name: Administration of Veritas NetBackup 10.x (NetBackup Administration)
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NEW QUESTION: 1
William Rogers, a fixed-income portfolio manager, needs to eliminate a large cash position in his portfolio.
He would like to purchase some corporate bonds. Two bonds that he is evaluating are shown in Exhibit I.
These two bonds are from the same issuer, and the current call price for the callable bond is 100. Assume that the issuer will call if the bond price exceeds the call price.
Rogers is also concerned about increases in interest rates and is considering the purchase of a putable bond. He ants to determine how assumed increases or decreases in interest rate volatility affect the value of the straight bonds and bonds with embedded options. After Rogers performs some analysis, he and his supervisor, Sigourney Walters, discuss the relative price movement between the two bonds in Exhibit 1 when interest rates change significantly During the discussions, Rogers makes the following statements:
Statement 1: If the volatility of interest rates decreases, the value of the callable bond will increase.
Statement 2: The noncallable bond will not be affected by a change in the volatility or level of interest rates.
Statement 3: When interest rates decrease, the value of the noncallable bond increases by more than the callable bond.
Statement4: If the volatility of interest rates increases, the value of the putable bond will increase.
Walters mentors Rogers on bond concepts and then asks him to consider the pricing of a third bond. The third bond has five years to maturity, a 6% annual coupon, and pays interest semiannually. The bond is both callable and putable at 100 at any time. Walters indicates that the holders of the bond's embedded options will exercise if the option is in-the-money.

Rogers obtained the prices shown in Exhibit b using software that generates an interest rate lattice. He uses his software to generate the interest rate lattice shown in Exhibit 2.
Exhibit 2: Interest Rate Lattice (Annualized Interest Rates)

Using the information in the question and the following relevant portion of the interest rate and pricing trees, Rogers calculates the value of the noncallable bond at node A.
Corresponding portion of the interest rate tree:

Corresponding portion of the binomial price tree:

The price of the noncallable bond at node A is closest to:
A. 96.14% of par.
B. 93.26% of par.
C. 89.84% of par.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The answer is 93.26. This value of the non-callable bond at node A is computed as follows:

(Study Session 14, LOS 54.d)

NEW QUESTION: 2
CPMが変更が必要な排他パスワードを検索する頻度を制御するパラメーターはどれですか。
A. この状況では、CPMはパスワードを変更しません
B. 即時間隔
C. 間隔
D. HeadStartInterval
Answer: B

NEW QUESTION: 3
Which three items are required in order to create a new user in Microsoft Intune? Choose three.
A. user role
B. display name
C. user name
D. last name
E. user location
Answer: B,C
Explanation:
CD: For each user you must include the user name (like [email protected]) and a display name (like Bob Kelly).
E: To manually add individual user accounts - In the Microsoft Intune account portal, click Users > New. - Click User to start the New users wizard.
The new user account now appears in the Users node of the account portal. When the user signs-in for the first time, the user must specify a new password for the account.
Reference: Set up Microsoft Intune
https://technet.microsoft.com/en-us/library/dn646983.aspx#BKMK_AddUsers

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