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NEW QUESTION: 1
A risk manager is deciding between using futures or forward contracts to hedge a forward foreign exchange position. Which of the following statements would be true as he considers his decision:
I. He would need to consider tailing the hedge for the futures contracts while that does not apply to forward contracts II. He would need to consider tailing the hedge for the forward contract while that does not apply to futures contracts III. He would need to consider counterparty risk for the futures contracts while that is unlikely to be an issue for the forward contract IV. He would be likely able to match up maturity dates to his liability when using futures while that may not be so for the forward contracts
A. II and IV
B. II only
C. I only
D. I and III
Answer: C
Explanation:
Explanation
Tailing the hedge refers to adjusting the number of futures contracts required to hedge a position given that futures contracts result in daily cash flows from daily P&L. In the case of forward contracts, P&L is not settled daily but at the end of the contract. Because margin payments (ie the daily P&L) for futures contracts create interest cost or income (depending upon the direction of the flows), the number of contracts required to hedge a given position can fluctuate. This effect is generally small for small positions, or where the time period under consideration is not very long. But it can get large for larger positions that are open for longer time periods, therefore requiring an adjustment to 'tail the hedge'. The adjustment is straightforward - the number of contracts required needs to be divided by (1+r)t, where r is the interest and t the time period (or by ert if continuously compounded rates are being used. Therefore statement I is true and statement II is false.
Statement III is not correct as counterparty risk is certainly an issue for forward contracts, while futures contracts are guaranteed by the exchange, besides having margin requirements and daily P&L movement in place.
Statement IV is not correct as futures come in standardized contracts with standard amounts and a few standard expiry dates to pick, whereas forward contracts are customized and dates, amounts and other details of the contract can be negotiated.

NEW QUESTION: 2
제공자가 정보에 액세스 할 수있게 해주는 건강 관리 시스템을 위해 Azure에서 호스팅되는 .NET Core MVC (Model-View Controller) 응용 프로그램을 개발하고 있습니다.
다음 코드를 개발합니다.

SysAdmin 역할을 정의합니다.
애플리케이션이 다음 승인 요구 사항을 충족하는지 확인해야 합니다.
* 사용자가 파트너의 편집자 소유권을 보유하고 있는지 여부에 관계없이 PartnerAdmin 및 SysAdmin 역할에 Partner Controller에 대한 액세스를 허용합니다.
* SysAdmin 역할의 구성원이기도 ​​한 파트너의 편집자 소유권 주장으로 사용자에게 컨트롤러의 관리 작업에 대한 액세스를 제한하십시오.
코드를 어떻게 완성해야 합니까? 대답하려면 적절한 코드 세그먼트를 올바른 위치로 드래그하십시오.
각 코드 세그먼트는 한 번, 두 번 이상 또는 전혀 사용되지 않을 수 있습니다. 콘텐츠를 보려면 분할 막대를 창 사이로 드래그하거나 스크롤해야 할 수 있습니다.
참고 : 각각의 올바른 선택은 한 점으로 가치가 있습니다.

Answer:
Explanation:

Explanation

Box 1:
Allow the ProviderAdmin and SysAdmin roles access to the Partner controller regardless of whether the user holds an editor claim of partner.
Box 2:
Limit access to the Manage action of the controller to users with an editor claim of partner who are also members of the SysAdmin role.

NEW QUESTION: 3
In Linux, /etc/shadow file stores the real password in encrypted format for user's account with added properties associated with the user's password.

In the example of a /etc/shadow file below, what does the bold letter string indicate? Vivek: $1$fnffc$GteyHdicpGOfffXX40w#5:13064:0:99999:7
A. Last password changed
B. Maximum number of days the password is valid
C. Minimum number of days required between password changes
D. Number of days the user is warned before the expiration date
Answer: C
Explanation:
Reference:http://www.cyberciti.biz/faq/understanding-etcshadow-file/(bullet # 4)

NEW QUESTION: 4
A complex query consists of eight populated tables that are all connected via INNER JOIN operands as shown:

You modify the query and replace the SELECT operand with SELECT STRAIGHT JOIN.
What is the effect of adding STRAIGHT JOINs to the query?
A. The optimizer ignores all terms in the WHERE clause until all JOINs have been completed.
B. The optimizer will only JOIN the tables in sequence from smallest to largest.
C. The optimizer processes only the JOINs in the sequence listed in the query.
D. The optimizer will only JOIN the tables by using their PRIMARY KEYS or UNIQUE constraints.
Answer: D