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NEW QUESTION: 1
Calculate the settlement amount for a buyer of a 3 x 6 FRA with a notional of $1m and contract rate of 5%.
Assume settlement rate is 6%.
A. Receive $2463
B. Receive $9434
C. Pay $9434
D. Pay $2463
Answer: A
Explanation:
Explanation
An m x n FRA is an agreement to borrow money for a period starting at time m and ending at time n at the contracted rate. Therefore, the buyer of the 3 x 6 FRA has committed to borrow $1m at the beginning of 3 months and return it at the end of 6 months, ie a total borrowing period of 3 months at a rate of 5%. Of course, the $1m is never actually exchanged, and at the beginning of the 3 month period when the next three months' interest rate is known (6%), the parties merely exchange the difference in the interest. SInce this interest was only due at the end of the 6 months and is being exchanged at the 3 month time point, it will have to be discounted to its present value.
The correct answer to this question is =(1,000,000 * (6% - 5%) * 3/12)/(1 + (6%*3/12))=$2463.05. Since interest rates rose, the borrower gained as he has the right to borrow at a lower rate, and therefore the seller will pay the borrower.
(Here:
- $1m is the notional
- 6% - 5% represents the difference between the contracted and the realized interest rates
- 3/12 is the 3 month period from month 3 to 6
- Finally, we divide by the current interest rate for 3 months to present value the payment from month 6 to month 3)

NEW QUESTION: 2
開発者は、インスタンス化できないShippingCalculatorクラスを作成する必要があり、サブクラスがオーバーライドできる、calculateメソッドの実用的なデフォルト実装を含める必要があります。 ShippingCalculatorクラスの正しい実装は何ですか？
A. Public abstract class ShippingCalculator {
public void calculate() { /*implementation*/ }
}
B. Public abstract class ShippingCalculator {
public virtual void calculate() { /*implementation*/ }
}
C. Public abstract class ShippingCalculator {
public abstract calculate() { /*implementation*/ }
}
D. Public abstract class ShippingCalculator {
public override calculate() { /*implementation*/ }
}
Answer: B
Explanation:
Explanation
the extending class can override the existing virtual methods by using the override keyword in the method definition. Overriding a virtual method allows you to provide a different implementation for an existing methodhttps://developer.salesforce.com/docs/atlas.en-us.apexcode.meta/apexcode/apex_classes_extending.htm

NEW QUESTION: 3
You deploy Windows 10 to a new computer named Computer1
You sign in to Computer1 and create a user named User1
You create a file named layoutModification.XML in the C:|\User\default\local\micorsoft
\shell\folder. layoutModification.xml contains markup.


Answer:
Explanation: