The value of the noncallable bond increases by more than the callable bond because as yield falls, the value of the call goes up. As the call value increases, the callable value (noncall value - call option value) goes up by less than the noncall value. (Study Session 14, LOS 54.e,f)
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NEW QUESTION: 1
SAP Human Capital Managementの従業員サブグループグルーピングの主な目的は何ですか?
A. 権限ロールを使用してHRデータアクセスを管理する
B. 人事構造の管理指針として機能する
C. インフォタイプ項目のデフォルト値を管理します。
D. 休務と出勤の選択基準を定義します。
Answer: B
NEW QUESTION: 2
DRAG DROP
Answer:
Explanation:
Case Study
Tailspin Toys (NEW)
Background
Security
The security team at Tailspin Toys plans to eliminate legacy authentication methods that are in use, including NTLM and Windows pass-through authentication.
Tailspin Toys needs to share resources with several business partners. You are investigating options to securely share corporate data.
Tailspin Toys has several databases that contain personally identifiable information (PII). User access PII only through the Tailspin Toys e-commerce website.
You secure apps by using on-premises Active Directory Domain Services (AD DS) credentials or Microsoft SQL Server logins.
Apps
The Tailspin Toys e-commerce site is hosted on multiple on-premises virtual machines (VMs).
The VM runs either Internet Information Server (IIS) or SQL Server 2012 depending on role. The site is published to the Internet by using a single endpoint that balances the load across web servers. The site does not encrypt traffic between database servers and web servers.
The Tailspin Toys Customer Analyzer app analyzer e-commerce transactions to identify customer buying patterns, and outputs recommended product sale pricing. The app runs large processing jobs that run for 75-120 minutes several times each day. The application development team plans to replace the current solution with a parallel processing solution that scales based on computing demands.
The Tailspin Toys Human Resources (HR) app is an in-house developed app that hosts sensitive employee data. The app uses SQL authentication for Role-Based Access Control (RBAC).
Problem statement
The Tailspin Toys IT Leadership Team plans to address deficiencies in access control, data security, performance, and availability requirements. All applications must be updated to meet any new standards that are defined.
The Tailspin Toys e-commerce site was recently targeted by a cyberattack. In the attack, account information was stolen from the customer database. Transactions that were in progress during the attack were not completed. Forensic investigation of the attack has revealed that the stolen customer data was captured in transit from the database to a compromised web server.
The HR team reports that unauthorized IT employees can view sensitive employee data by using service or application accounts.
Business Requirements
Tailspin Toys e-commerce site
The business has requested that security and availability of the e-commerce site is improved to meet thefollowing requirements.
* Communication between site components must be secured to stop data breaches. If servers are breached, the data must not be readable.
* The site must be highly available at each application tier, as well as the published endpoint.
* Customers must be able to authenticate to the e-commerce site with their existing social media accounts.
Tailspin Toys Customer Analyzer app
The business requires that processing time be reduced from 75-120 minutes to 5-15 minutes.
Tailspin Toys HR app
Only authorized employees and business partners are allowed to view sensitive employee data.
HR has requested a mobile experience for end users.
Technical Requirements
Security
The security team has established the following requirements for role-separation and RBAC:
* Log on hours defined in AD DS must be enforced for users that access cloud resources.
* IT operations team members must be able to deploy and manage all resources in Azure, but must not be able to grant permissions to others.
* Application development team members must be able to deploy and manage Azure Web Apps.
* SQL database administrators must be able to deploy and manage SQL databases used by TailSpin Toys application.
* Application support analysts must be able to manage resources for the application(s) for which they are
* responsible.
* Service desk analysts must be able to view service status and component settings.
* Role assignment should use the principle of least privilege.
Tailspin Toys e-commerce site
The application is currently using a pair of hardware load balancers behind a single published endpoint to load balance traffic. Customer data is hosted in a SQL Server 2012 database.
Customer user accounts are stored in an AD DS instance.
The updated application and supporting infrastructure must:
* Provide high availability in the event of failure in a single Azure SQL Database instance.
* Allow secure web traffic on port 443 only.
* Enable customers to authentication with Facebook, Microsoft Live ID or other social media identities.
* Encrypt SQL data at-rest.
* Encrypt data in motion between back-end SQL database instances and web application instances.
* Prevent administrator and service accounts from viewing PII data.
* Mask account and PII data presented to end user.
* Minimize outage duration in event of an Azure datacenter failure.
* The site should scale automatically to meet customer demand.
* The site should continue to serve requests, even in the event of failure of an Azure datacenter.
* Optimize site response time by auto-directing to the closest datacenter based on customer's geographic location.
Operations must be able to deploy the solution using an Azure Resource Manager (ARM) template.
Tailspin Toys Customer Analyzer app
The app uses several compute-intensive tasks that create long-running requests to the system, processing large amounts of data. The app runs on two large VMs that are scaled to max capacity in the corporate datacenter. The VMs cannot be scaled up or out to meet processing demands.
The new solution must meet the following requirements:
* Schedule processing of a large amount of pricing data on an hourly basis.
* Provide parallel processing and scale-on-demand computing resources to provide additional capacity as required.
* Processing times must meet the 5-15 minute processing requirement.
* Use simultaneous compute nodes to enable high performance computing for analysis.
* Minimal administrative efforts and custom development.
Operations must be able to deploy the solution using an Azure Resource Manager (ARM) template.
Tailspin Toys HR app
The solution architecture must meet the following requirements:
* Integrate with Azure Active Directory (Azure AD).
* Encrypt data at rest and in-transit.
* Limit access based on location, filtered by IP addresses for corporate sites and authorized business partners.
* Mask data presented to employees.
* Must be available on mobile devices.
Operations must be able to deploy the solution using an Azure Resource Manager (ARM) template.
NEW QUESTION: 3
エンジニアは、ランデブーポイントのないマルチキャストを使用して、さまざまなチャネルでビデオをストリーミングする複数のソースを必要とする大規模なケーブルTVプロバイダーで働いています。これらの要件を満たすマルチキャストプロトコルはどれですか。
A. BIDIR-PIM
B. PIM-SSM
C. PIM-SM
D. 任意のソースマルチキャスト
Answer: A
NEW QUESTION: 4
William Rogers, a fixed-income portfolio manager, needs to eliminate a large cash position in his portfolio.
He would like to purchase some corporate bonds. Two bonds that he is evaluating are shown in Exhibit I.
These two bonds are from the same issuer, and the current call price for the callable bond is 100. Assume that the issuer will call if the bond price exceeds the call price.
Rogers is also concerned about increases in interest rates and is considering the purchase of a putable bond. He ants to determine how assumed increases or decreases in interest rate volatility affect the value of the straight bonds and bonds with embedded options. After Rogers performs some analysis, he and his supervisor, Sigourney Walters, discuss the relative price movement between the two bonds in Exhibit 1 when interest rates change significantly During the discussions, Rogers makes the following statements:
Statement 1: If the volatility of interest rates decreases, the value of the callable bond will increase.
Statement 2: The noncallable bond will not be affected by a change in the volatility or level of interest rates.
Statement 3: When interest rates decrease, the value of the noncallable bond increases by more than the callable bond.
Statement4: If the volatility of interest rates increases, the value of the putable bond will increase.
Walters mentors Rogers on bond concepts and then asks him to consider the pricing of a third bond. The third bond has five years to maturity, a 6% annual coupon, and pays interest semiannually. The bond is both callable and putable at 100 at any time. Walters indicates that the holders of the bond's embedded options will exercise if the option is in-the-money.
Rogers obtained the prices shown in Exhibit b using software that generates an interest rate lattice. He uses his software to generate the interest rate lattice shown in Exhibit 2.
Exhibit 2: Interest Rate Lattice (Annualized Interest Rates)
Evaluate Rogers' statements.
A. Both statements are correct.
B. Only Statement 3 is correct.
C. Only Statement 1 is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Statement 1 is correct. If the volatility of interest rates decreases, the call option is less valuable, which increases the value of the callable bond. Recall that V
Preparing for the = Vno uah|e - V «. Statement 3 is also correct.
The value of the noncallable bond increases by more than the callable bond because as yield falls, the value of the call goes up. As the call value increases, the callable value (noncall value - call option value) goes up by less than the noncall value. (Study Session 14, LOS 54.e,f)
I prepared for the = Vno uah|e - V «. Statement 3 is also correct.
The value of the noncallable bond increases by more than the callable bond because as yield falls, the value of the call goes up. As the call value increases, the callable value (noncall value - call option value) goes up by less than the noncall value. (Study Session 14, LOS 54.e,f)
I wanted to tell you how good your practice test questions were for the = Vno uah|e - V «. Statement 3 is also correct.
The value of the noncallable bond increases by more than the callable bond because as yield falls, the value of the call goes up. As the call value increases, the callable value (noncall value - call option value) goes up by less than the noncall value. (Study Session 14, LOS 54.e,f)