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NEW QUESTION: 1
What system configuration setting do you need to configure when integrating SuccessFactors Learning
HCM with SuccessFactors HCM?
Please choose the correct answer.
Response:
A. AUTHENTICATION
B. CONTENT IMPORT
C. BIZX
D. LEARNER_SECURITY
Answer: A

NEW QUESTION: 2

A. Option C
B. Option A
C. Option E
D. Option B
E. Option D
Answer: B,C

NEW QUESTION: 3
A pension fund has $100m in liabilities due in the future with an average modified duration of 20 years. The fund also holds a fixed income portfolio worth $125m with an average duration of 15 years. Which of the following approaches would be best suited for the pension fund to cover its interest rate risk?
A. Enter into an interest rate swap to receive fixed and pay floating
B. The pension fund does not have any interest rate risk as assets more than adequately cover its liabilities
C. Enter into an interest rate swap to receive floating and pay fixed
D. Sell 15 year bond futures
Answer: A
Explanation:
Explanation
In this case, we need a portfolio that is "dollar duration" neutral, ie the net effect of any change in interest rates creates offsetting gains and losses in the asset and liability portfolios. The $125m asset portfolio with a duration of 15 years has a dollar-duration of $125*15/100=$18.75m, implying that a 1% change in interest rates will create a $18.75m change in the value of the asset portfolio. Similarly, the liabilities of $100m with a duration of 20 years mean that a 1% change in interest rates will lead to a $20m change in their value. Since
$18.75m<$20m, the pension fund is short duration, and needs a strategy that will give it more duration. It can do so by buying more bonds, or swapping out some of its shorter duration bonds with longer duration bonds, or doing other things that will increase the duration of the portfolio so it becomes duration neutral.
Entering into an interest rate swap to receive fixed and pay floating is like a long position in a bond, which will increase duration. Thus Choice 'b' is the correct answer.
A swap to pay fixed and receive floating will have the opposite effect, and so will selling bond futures. Choice
'c' and Choice 'a' are therefore incorrect. As we have seen, Choice 'd' is incorrect as the fund does have interest rate exposure.

NEW QUESTION: 4
Which of the following is NOT true about the development of data transmission networks?
A. Originally, data transmission required separate data networks.
B. Data transmission always takes place on the existing PSTN.
C. New broadband technologies must always be compatible with the PSTN.
D. Today, converged voice, data, and video can often be provided over a single network.
Answer: D