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NEW QUESTION: 1
HOTSPOT
Answer:
Explanation:
Explanation:
Set-MsolPasswordPolicy -ValidityPeriod 180 -NotificationDays 14 -DomainName adatum.com The Set-MsolPasswordPolicy cmdlet is used to update the password policy of a specified domain or tenant.
The -ValidityPeriod parameter stipulates the length of time that a password is valid before it must be changed.
The -NotificationDays parameter stipulates the number of days before the password expiration date that triggers when users receive their first notification that their password will soon expire.
References: https://docs.microsoft.com/en-us/powershell/module/msonline/set-msolpasswordpolicy?view=azureadps-1.0
NEW QUESTION: 2
A tester has been using the msadc.pl attack script to execute arbitrary commands on a Windows NT4 web server. While it is effective, the tester finds it tedious to perform extended functions.
On further research, the tester come across a perl script that runs the following msadc functions:system("perl msadc.pl -h $host -C \"echo open $your >testfile\"");
Which exploit is indicated by this script?
A. A chained exploit
B. A denial of service exploit
C. A buffer overflow exploit
D. A SQL injection exploit
Answer: A
NEW QUESTION: 3
Which of the following statements are true:
(I). A deep in-the-money call option has a value very close to that of a forward contract with a forward price equal to the exercise price
(II). If the volatility of a stock goes down to zero, the value of a call option on the stock will tend to be close to that of a forward contract so long as the option is in the money.
(III). All other things remaining the same, the issue of stock warrants exercisable at a future date will cause a decline in the current stock price
(IV). Implied volatilities are calculated from market prices of options and are forward looking
A. All of the above
B. II and III
C. III and IV
D. I and IV
Answer: A
Explanation:
Explanation
All the statements are correct, therefore Choice 'd' is the correct answer. Let us look at each of these statements one by one.
I. A deep in-the-money call option has a value very close to that of a forward contract with a forward price equal to the exercise price. This is true because a deep in the money call option is most likely to be exercised, and is therefore effectively like a forward contract to buy the stock at the exercise price.
We can also look at this using the BSM formula for a call option. If c be the value of a call option, and all other variables have their usual meaning (S0 is the spot price, K is exercise price, and t is time to expiry), then according to the Black Scholes model the value of a call is given by the following expression:
202.22.e1
As S0 becomes large, d1 and d2 become large, and therefore N(d1) and N(d2) approach 1, leaving the value of the call to be equal to 202.22.e2, which is the formula for a forward contract.
II. If the volatility of a stock goes down to zero, the value of a call option on the stock will tend to be close to that of a forward contract so long as the option is in the money.
Again, this is true because if volatility is low or zero, the stock price will grow at its expected rate, and end up to be what the forward price is (S0 ert). If the option is out of the money, the value of the option will tend to 0.
III. All other things remaining the same, the issue of stock warrants exercisable at a future date will cause a decline in the current stock price.
This is true because the stock warrants are likely to be exercised only when they are in the money, ie when their exercise price is less than the going stock price, and at that time it will dilute the value of the existing shares. However, the reduction in the price is priced into the share price at the time of the issue of the warrants, and it is not that the share price falls the day they are exercised.
IV. Implied volatilities are calculated from market prices of options and are forward looking. This statement is true: historical volatilities calculated from past prices are backward looking, while 'implied volatility' is the volatility implied from market prices, and is forward looking as it encapsulates the market's view of how volatile the future is likely to be.
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