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CGFM real exams

Exam Code: CGFM

Exam Name: Certified Government Financial Manager (CGFM)

Version: V13.25

Q & A: 72 Questions and Answers

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NEW QUESTION: 1
Which of the following statements are true regarding Discount Pricing?
There are 2 correct answers to this question.
A. Discounted Price set the price of the item
B. Discounted Price can be used with only catalog items
C. Discount Percent can be used with both catalog and non-catalog items
D. Discounted Price is used with all contract types
E. Discount Percent is used only for item-level contracts
Answer: A,C

NEW QUESTION: 2
Which is part of the Prepare phase of PPDIOO?
A. Obtain site contact information
B. Identify customer requirements
C. Perform gap analysis
D. Perform network audit
Answer: B
Explanation:
Explanation

Prepare Phase
The Prepare phase establishes organization and business requirements, develops a network strategy, and proposes a high-level conceptual architecture to support the strategy. Technologies that support the architecture are identified. This phase creates a business case to establish a financial justification for a network strategy.

NEW QUESTION: 3
Your network contains a server named Server1 that runs Windows Server 2008 R2. Server1 has the Web Server (IIS) role installed.
You need to review the contents of the IIS-Configuration Analytic event log on Server1.
You configure Event Viewer to show the Analytic log.
What should you do next?
A. Modify the General properties of the log.
B. Attach a task to the log.
C. Create a custom view to the log.
D. Modify the Subscriptions list for the log.
Answer: A
Explanation:
Analytic event logs, and not only for IIS are not enabled by default. You must enable it. You should enable them from "General Tab" of properties of log "Log of services and applications \Microsoft\Windows\IIS-Configuration\Analytic" to start logging

NEW QUESTION: 4
Consider an annual coupon bond with the following characteristics:
For a 75 basis point change in interest rates, the bond's duration is:
A. 5.09 years.
B. 8.79 years.
C. 8.17 years.
D. 5.80 years.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Since the bond has an embedded option, we will use the formula for effective duration.(This formula is the same as the formula for modified duration, except that the "upper price bound" is replaced by the call price.) Thus, we only need to calculate the price if the yield increases 75 basis points, or 0.75%.
Price if yield increases 0.75%: FV =100, I/Y =7.25= 6.50 + 0.75, N =12, PMT =6.5, Compute PV = 94.12 The formula for effective

jjoachim_SS15_1_C_j_duration
Where:
V-
= Call price/price ceiling
V+
= estimated price if yield increases by a given amount,ꢀy
V0
= initial observed bond price
y

= change in required yield, in decimal form
Here,effective duration = (101.75 - 94.12) / (2 * 100 * 0.0075) = 7.63 / 1.5 =5.09 years.

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