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NEW QUESTION: 1
DRAG DROP
You manage a Microsoft Azure HDInsight Hadoop cluster. All of the data for the cluster is stored in Azure Premium Storage.
You need to prevent all users from accessing the data directly. The solution must allow only the HDInsight service to access the data.
Winch five actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
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." The initial cushion spread for Price's strategy is closest to:
A. 100 basis points.
B. 200 basis points.
C. 300 basis points.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The cushion spread is the difference between the safety net return (minimum acceptable return) and prevailing immunized rate. In this case, the cushion spread is 8% - 6% = 200 basis points. (Study Session
9, LOS 29.i)
NEW QUESTION: 3
For FusionCompute, the following incorrect description of the template format is
A. The virtual machine template format is divided into two types: ova and ovf.
B. .ovf is the description file of the virtual machine and .vhd is the disk file of the virtual machine
C. ovf format template contains only one ovf file and one vhd file
D. Format template contains only one file after export
Answer: D