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NEW QUESTION: 1
Imagine two perpetual bonds, ie bonds that pay a coupon till perpetuity and the issuer does not have an obligation to redeem. If the coupon on Bond A is 5%, and on Bond B is 15%, which of the following statements will be true:
I. The Macaulay duration of Bond A will be 3 times the Macaulay duration of Bond B.
II. Bond A and Bond B will have the same modified duration
III. Bond A will be priced at less than 1/3rd the price of Bond B
IV. Both Bond A and Bond B will have a duration of infinity as they never mature
A. IV and I
B. III and IV
C. II
D. I and II
Answer: C
Explanation:
Explanation
The modified duration of a perpetual bond is given by 1/i, where i is the yield. Since I is a positive number greater than zero, it means the modified duration of a perpetual bond is not infinity. Also note that this formula makes no reference to the coupon rate at all - in other words, the modified duration of a perpetual bond is independent of the coupon. The Macaulay duration of a perpetual bond is given by (1+i)/i, again a formula devoid of any references to the coupon. The price of a perpetual bond can be calculated as Coupon/i, which means that a 15% coupon perpetual bond will be priced at exactly 3x the price of a 5% coupon bond.
Based on the above, statement I is incorrect, but statement II is correct. Statement III is incorrect because Bond A will be priced at exactly 1/3rd the price of Bond B, and not less than that. Similarly, statement IV is incorrect as well.
Intuitively, a perpetual bond is nothing but a perpetual annuity, which will have a present value equal to 1/i * cash flow (which in this case is the coupon). The coupon rate only sets the cash flow dollar amount - there is really no difference between the two bonds described in the question except that buying one of Bond B is economically identical to buying three of Bond A.

NEW QUESTION: 2
A customer wants to combine multiple Ethernet interfaces into a single virtual interface using link
aggregation.
Which two formats are correct for naming aggregate interfaces? (Choose two.)
A. aggregate.8
B. aggregate.1
C. ae.1
D. ae.8
Answer: C,D

NEW QUESTION: 3
システムにインストールされているが、目的の機能を実行するために必要ではないサービスまたはユーティリティを処理するための最良のアプローチは何ですか？
A. 停止
B. モニター
C. 無効にする
D. 削除
Answer: D
Explanation:
説明
ベストプラクティスは、システム上の不要なサービスとユーティリティを完全に削除して、侵害や使用の可能性を防ぐことです。それらが単に無効になっている場合は、いつでも不注意で再起動される可能性があります。または、別のエクスプロイトを使用して再起動する可能性があります。削除すると、パッチを適用して今後も維持する必要がなくなります。

NEW QUESTION: 4
Why is Rule B (shown in the attached screen shot) not triggering? Please choose the correct answer.

Response:
A. Rule A always triggers instead of Rule B when an employee's pay grade changes.
B. Rule B is incorrectly formatted.
C. Rule B is more restrictive than Rule A.
D. Rule A triggers instead of Rule B when an employee's job code changes.
Answer: D