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NEW QUESTION: 1
A bond with a 5% coupon trades at 95. An increase in interest rates by 10 bps causes its price to decline to
$94.50. A decrease in interest rates by 10 bps causes its price to increase to $95.60. Estimate the modified duration of the bond.
A. 5.79
B. 0
C. 1
D. 5.5
Answer: A
Explanation:
Explanation
In this case, we can estimate the duration of the bond as follows: we know that a 10 bps increase in rates causes the price to move to $94.50, and a 10 bps decrease causes the price to increase to $95.60. Thus, over the range of the 20 bps, the average change in price per basis point is ($95.60 - $94.50)/20 bps = $1.10/20 =
$0.055/basis point, or $0.055* 100 = $5.5 for 100 basis points (ie 1%). We know that modified duration is equivalent to the percentage change in the bond price as a result of a 1% change in interest rates. A 1% change in the interest rates leading to a $5.5 change in a bond priced at $95 equates to $5.5/$95 = 5.79%, in other words the modified duration is roughly equal to 5.79 years.
In fact if we know the price of a bond at any two different interest rates, we can make an estimate of modified duration. Modified duration is just the first derivative with respect to price, and given two prices and the associated yields, we can easily calculate modified duration to be the ratio of the change in price to the change in interest rates. In this question, we are given both an up move and a down move. Using this estimation, only one data point (ie, either the up price or the down price) in addition to the starting point ($95) would have been enough to come to a rough estimate of modified duration. You will notice that the modified duration would be slightly different if we were to use the high point and the starting point (ie $95.60 and $95), and the starting point and the lower point ($95 and $94.50). The difference is due to convexity. The decrease in price is lower than the increase in price - and this is due to the convexity of the bond.
NEW QUESTION: 2
次の表に示すリソースグループを含むAzureサブスクリプションがあります。
RG1には、次の表に示すリソースが含まれています。
RG2には、次の表に示すリソースが含まれています。
RG1からRG2に移動できるリソースと、RG2からRG1に移動できるリソースを特定する必要があります。
どのリソースを特定する必要がありますか?回答するには、回答領域で適切なオプションを選択します。
Answer:
Explanation:
Explanation
Read only and Delete lock won't prevent you from moving resources in different resource groups. It will prevent you to do the operations in the resource group where the resources are there.
So the correct answer should be
RG1 --> RG2 = IP1, vnet1 and storage1
RG2 --> RG1 = IP2, vnet2 and storage2
Reference:
https://docs.microsoft.com/en-us/azure/governance/blueprints/concepts/resource-locking
NEW QUESTION: 3
The following topology is available, and according to this analysis, the following method is correct:
A. R1 IP 10.0.3.3/32 Routing entries in the routing table of 10.0.0.0/16 with the same and
B. R1 IP 10.0.2.2/32 The routing entry with and in the routing table of 10.0.0.0/16
C. R1 IP 10.0.2.2/32 The routing entries with and in the routing table of 10.0.3.3/32
D. Because R2 R1 IP 10.0.0.0/16 does route aggregation, only the routing entries exist in the routing table.
Answer: A
NEW QUESTION: 4
Welcher Prozess im Projektzeitmanagement umfasst die Reserveanalyse als Werkzeug oder Technik?
A. Sequenzaktivitäten
B. Aktivitätsdauer schätzen
C. Zeitplan entwickeln
D. Aktivitätsressourcen schätzen
Answer: B
