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NEW QUESTION: 1
Satish Dhawan, a veteran fixed income trader is conducting interviews for the post of a junior fixed income trader. He interviewed four candidates Adam, Balkrishnan, Catherine and Deepak and following are the answers to his questions.
Question 1: Tell something about Option Adjusted Spread
Adam: OAS is applicable only to bond which do not have any options attached to it. It is for the plain bonds.
Balkishna: In bonds with embedded options, AS reflects not only the credit risk but also reflects prepayment risk over and above the benchmark.
Catherine: Sincespreads are calculated to know the level of credit risk in the bound, OAS is difference between in the Z spread and price of a call option for a callable bond.
Deepark: For callable bond OAS will be lower than Z Spread.
Question 2: This is a spread that must be added to the benchmark zero rate curve in a parallel shift so that the sum of the risky bond's discounted cash flows equals its current market price. Which Spread I am talking about?
Adam: Z Spread
Balkrishna: Nominal Spread
Catherine: Option Adjusted Spread
Deepark: Asset Swap Spread
Question 3: What do you know about Interpolated spread and yield spread?
Adam: Yield spread is the difference between the YTM of a risky bond and the YTM of an on-the-run treasury benchmark bond whose maturity is closest, but not identical to that of risky bond. Interpolated spread is the spread between the YTM of risky bond and the YTM of same maturity treasury benchmark, which is interpolated from the two nearest on-the-run treasury securities.
Balkrishna: Interpolated spread is preferred to yield spread because the latter has the maturity mismatch, which leads to error if the yield curve is not flat and the benchmark security changes over time, leading to inconsistency.
Catherine: Interpolated spread takes account the shape of the benchmark yield curve and therefore better than yield spread.
Deepak: Both Interpolated Spread and Yield Spread rely on YTM which suffers from drawbacks and inconsistencies such as the assumption of flat yield curve and reinvestment at YTM itself.
Then Satish gave following information related to the benchmark YTMs:
Who amongst the four candidates is correct regarding OAS?
A. Only Adam and Catherine
B. Only Catherine
C. Only Deepak
D. Only Deepak and Catherine
Answer: A
NEW QUESTION: 2
ある利害関係者は、隔週で予定されている利害関係者会議を定期的に欠席しています。プロジェクトマネージャーは最初に何をすべきですか？
A. 隔週の会議の記録を開始し、記録を対象のすべての参加者と共有します。
B. 利害関係者の関与評価マトリックスを確認して、利害関係者の関与レベルを理解します。
C. 利害関係者と会って、会議に出席できなかったことについて話し合います。
D. プロジェクトのスポンサーに利害関係者に介入するよう依頼します。
Answer: B
NEW QUESTION: 3
You have a file server named Server1 that runs a Server Core Installation of Windows Server 2012 R2. You need to ensure that users can access previous versions of files that are shared on Server1 by using the Previous Versions tab. Which tool should you use?
A. Diskpart
B. Vssadmin
C. Storrept
D. wbadmin
Answer: B
Explanation:
Explanation Your network contains an Active directory forest named contoso.com. The forest contains two child domains named east.contoso.com and west.contoso.com.
NEW QUESTION: 4
Which two statement is true concerning dropping a pluggable database (PDB)?
A. A dropped PDB can never be plugged back into a multitenant container database (CDB).
B. The PDB must be in mount state.
C. The PDB must be unplugged.
D. The PDB data files are always removed from disk.
E. The PDB must be open in read-only mode.
Answer: C,D
Explanation:
http://docs.oracle.com/database/121/ADMIN/cdb_plug.htm#ADMIN13658
When dropping a PDB, you can either keep or delete the PDB's data files by using one of the following clauses:
KEEP DATAFILES, the default, retains the data files.
The PDB's temp file is removed even when KEEP DATAFILES is specified because the temp file is no longer needed.
INCLUDING DATAFILES removes the data files from disk.
If a PDB was created with the SNAPSHOT COPY clause, then you must specify INCLUDING DATAFILES when you drop the PDB.
The following prerequisites must be met:
The PDB must be in mounted mode, or it must be unplugged.
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Feedbacks
Aalk - 2014-05-05 16:45:18
Plato - 2014-05-05 16:45:51
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Eleanore - 2014-09-28 16:36:48