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NEW QUESTION: 1
Your company has a private cloud that is managed by using a System Center 2012 Operations Manager infra structure.
You have a line-of-business web application named App1. App1 stores its information in a dedicated Microsoft SQL
Server 2008 database. You need to create a central diagram that contains the complete health information of Appl.
You import the SQL, IIS, and Windows Server management packs. What should you create next?
A. a dashboard view
B. a distributed application model
C. a Service Level Dashboard
D. a diagram view
Answer: C
NEW QUESTION: 2
You are troubleshooting a web page that includes the following code. (Line numbers are included for reference only.)
What is displayed in the alert from line 11?
A. Div
B. Function
C. Document
D. Button
Answer: D
NEW QUESTION: 3
You are designing a strategy for synchronizing a SQL Azure database and multiple remote Microsoft SQL
Server 2008 databases.
The SQL Azure database contains many tables that have circular foreign key relationships.
You need to recommend an approach for ensuring that all changes in the remote databases synchronize
with the SQL Azure database.
What should you recommend?
A. Use SQL Server database snapshots.
B. Use SQL Server backup and restore.
C. Use SQL Azure Data Sync Service.
D. Use SQL Server replication.
Answer: C
NEW QUESTION: 4
A fund manager holds the following bond positions in a client portfolio:
a. A long position worth $100m in a bond with a modified duration of 7.5 b. A short position worth $65m in a bond with a modified duration of 12 c. A long position worth $120m in a bond with a modified duration of 6 What is the impact of a 10 basis point increase in interest rates across the yield curve?
A. A loss of $24,225
B. A loss of $690,000
C. A gain of $24,225
D. A gain of $69,000
Answer: B
Explanation:
Explanation
We need to calculate the total dollar duration of the bond portfolio, which is =100*7.5 - 65*12 + 120*6 =
$690m. This means a 10 basis point change in interest rates changes the value of the portfolio by
$690m*10bps = $0.69m, or $690,000. Therefore Choice 'b' is the correct answer.
[Here is an alternate step-by-step way of thinking about it. Let us consider changes to each position separately.a. A long position worth $100m in a bond with a modified duration of 7.5A 1% increase reduces the value of the bond by 7.5%. Therefore a 10bps = 0.1% change in interest rates will change the position by
0.75% = $100m*0.75% = $750,000 decrease.b. A short position worth $65m in a bond with a modified duration of 12A 1% increase increases the value of the position by 12% (remember this is a short position).
Therefore a 10bps = 0.1% change in interest rates will change the position by 1.2% = $65m*1.2% = $780,000 increase.c. A long position worth $120m in a bond with a modified duration of 6A 1% increase reduces the value of the bond by 6%. Therefore a 10bps = 0.1% change in interest rates will change the position by 0.6% =
$120m*0.6% = $720,000 decrease.The net change in the value of the porfolio is therefore:-750,000 + 780,000
- 720,000 = $690,000]
[Here is an alternate step-by-step way of thinking about it. Let us consider changes to each position separately.
a. A long position worth $100m in a bond with a modified duration of 7.5 A 1% increase reduces the value of the bond by 7.5%. Therefore a 10bps = 0.1% change in interest rates will change the position by 0.75% = $100m*0.75% = $750,000 decrease.
b. A short position worth $65m in a bond with a modified duration of 12 A 1% increase increases the value of the position by 12% (remember this is a short position). Therefore a
10bps = 0.1% change in interest rates will change the position by 1.2% = $65m*1.2% = $780,000 increase.
c. A long position worth $120m in a bond with a modified duration of 6
A 1% increase reduces the value of the bond by 6%. Therefore a 10bps = 0.1% change in interest rates will change the position by 0.6% = $120m*0.6% = $720,000 decrease.
The net change in the value of the porfolio is therefore:
-750,000 + 780,000 - 720,000 = $690,000]
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