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  • Exam Number/Code : FAAA_004
  • Exam Name : Pure Storage FlashArray Architect Associate
  • Questions and Answers : 260 Q&As
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NEW QUESTION: 1

A. Windows wireless utility
B. Wireshark
C. Cisco CleanAir
D. a Wi-Fi analyzer
E. the Apple AirPort Utility
Answer: C,D

NEW QUESTION: 2
The guard_tap.ini of a UNIX S-TAP is configured with the following parameters:

The collector that this S-TAP is sending data to has become unavailable and there is no failover option configured. A Guardium administrator must communicate the impact of this outage to users of the monitored database.
What should the administrator advise is the expected behavior for a database session?
A. No SQL can be executed and after 10 seconds the session will be terminated.
B. in the first 10 seconds of the session SQL can be executed, then the session is terminated.
C. in the first 10 seconds of the session no SQL can be executed, then the session will work as normal.
D. The session will not experience any latency or termination.
Answer: B

NEW QUESTION: 3
Each correct answer represents a complete solution. Choose all that apply.
A. Employees are paid on the basis of group performance rather than individual performan
B. Helps the organization to achieve improvement in key performance measures
C. Aligns employees to organizational goals
D. Enhances the focus and awareness of employees
Answer: B,C,D
Explanation:
Answer options A, B, and C are correct.The benefits of gainsharing programs are as follows: Aligns employees to organizational goals Helps the organization to achieve improvement in key performance measures Enhances the focus and awareness of employees What is gainsharing? Gainsharing is a system of management used by a business to get higher levels of performance through the involvement and participation of its people. As performance improves, employees share financially in the gain (improvement). Gainsharing is about people working smarter together and not just working harder. Reference: "http://simple.wikipedia.org/wiki/Gainsharing"
Chapter: Compensation and Benefits

NEW QUESTION: 4
Mark Rolle, CFA, is the manager of the international bond fund for the Ryder Investment Advisory. He is responsible for bond selection as well as currency hedging decisions. His assistant is Joanne Chen, a candidate for the Level 1 CFA exam.
Rolle is interested in the relationship between interest rates and exchange rates for Canada and Great Britain. He observes that the spot exchange rate between the Canadian dollar (C$) and the British pound is C$1.75/£. Also, the 1-year interest rate in Canada is 4.0% and the 1-year interest rate in Great Britain is
11.0%. The current 1-year forward rate is C$1.60/£.
Rolle is evaluating the bonds from the Knauff company and the Tatehiki company, for which information is provided in the table below. The Knauff company bond is denominated in euros and the Tatehiki company bond is denominated in yen. The bonds have similar risk and maturities, and Ryder's investors reside in the United States.

Provided this information, Rolle must decide which country's bonds are most attractive if a forward hedge of currency exposure is used. Furthermore, assuming that both country's bonds are bought, Rolle must also decide whether or not to hedge the currency exposure.
Rolle also has a position in a bond issued in Korea and denominated in Korean won. Unfortunately, he is having difficulty obtaining a forward contract for the won on favorable terms. As an alternative hedge, he has entered a forward contract that allows him to sell yen in one year, when he anticipates liquidating his Korean bond. His reason for choosing the yen is that it is positively correlated with the won.
One of Ryder's services is to provide consulting advice to firms that are interested in interest rate hedging strategies. One such firm is Crawfordville Bank. One of the loans Crawfordville has outstanding has an interest rate of LIBOR plus a spread of 1.5%. The chief financial officer at Crawfordville is worried that interest rates may increase and would like to hedge this exposure. Rolle is contemplating either an interest rate cap or an interest rate floor as a hedge.
Additionally, Rolle is analyzing the best hedge for Ryder's portfolio of fixed rate coupon bonds. Rolle is contemplating using either a covered call or a protective put on a T-bond futures contract.
The best hedges of the Crawfordville position and the Ryder portfolio are:
Crawfordville Ryder
A. Floor Covered call
B. Cap Protective put
C. Cap Covered call
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The best hedge of the Crawfordville floating rate loan is an interest rate cap. An interest rate cap is a series of interest rate calls that put a cap on the cost of borrowing. If interest rates rise above the cap strike rate, the cap will provide a payment to the bank that mitigates their increased cost of borrowing. If interest rates fall, the bank will let the cap expire worthless and benefit from the lower rate. The floor provides a minimum return on a held loan and would not hedge the banks floating rate debt.
The best hedge for Ryder s portfolio of fixed coupon rate bonds would be a protective put on the T-bond futures contract. The purchase of a put hedges a bond investment because the put will rise in value when interest rates rise. If interest rates fall, the bond investment will increase in value and the manager will let the put expire worthless. The cost of the put will however reduce the managers return.
In a covered call, the manager sells a call to earn extra income. If interest rates rise, the loss on the bond will be buffered by the income from the sale of the call. However, the call does not provide downside protection as strong as that from the protective put. (Study Session 10, LOS 31.e)

 

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FAAA_004 Pruefungssimulationen - Pure Storage FAAA_004 Ausbildungsressourcen, FAAA_004 Prüfungsfragen - Cads-Group


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