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NEW QUESTION: 1
Which option should the administrator use with the vxsnap command to resynchronize a full-sized, space-optimized or linked break-off snapshot with the original volume?
A. restore
B. prepare
C. reattach
D. refresh
Answer: B
NEW QUESTION: 2
You administer a Microsoft SQL Server 2012 database that includes a table named
Products. The Products table has columns named ProductId, ProductName, and
CreatedDateTime.
The table contains a unique constraint on the combination of ProductName and
CreatedDateTime.
You need to modify the Products table to meet the following requirements:
* Remove all duplicates of the Products table based on the ProductName column.
* Retain only the newest Products row.
Which Transact-SQL query should you use?
A. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
cte.ProductName = p.ProductName
AND cte.CreatedDateTime > p.CreatedDateTime
B. WITH CTEDupRecords
AS
(
SELECT MIN(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
C. ProductName = cte.ProductName
AND p.CreatedDateTime > cte.CreatedDateTime
D. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
E. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
F. ProductName = cte.ProductName
G. ProductName = cte.ProductName
Answer: C
NEW QUESTION: 3
After replacing a failed hard drive that is a member of a RAID array, how can you determine whether the replaced disk is online and functional? (Select two.)
A. Access HP Services Media Library
B. Perform operating system ping command
C. Access the iL03 interface
D. Observe Online and Fault LEDs on the hard drive
E. Run HP Smart Storage Administrator
Answer: C,D
NEW QUESTION: 4
Which of the following statements are true:
(I). A deep in-the-money call option has a value very close to that of a forward contract with a forward price equal to the exercise price
(II). If the volatility of a stock goes down to zero, the value of a call option on the stock will tend to be close to that of a forward contract so long as the option is in the money.
(III). All other things remaining the same, the issue of stock warrants exercisable at a future date will cause a decline in the current stock price
(IV). Implied volatilities are calculated from market prices of options and are forward looking
A. I and IV
B. III and IV
C. II and III
D. All of the above
Answer: D
Explanation:
Explanation
All the statements are correct, therefore Choice 'd' is the correct answer. Let us look at each of these statements one by one.
I. A deep in-the-money call option has a value very close to that of a forward contract with a forward price equal to the exercise price. This is true because a deep in the money call option is most likely to be exercised, and is therefore effectively like a forward contract to buy the stock at the exercise price.
We can also look at this using the BSM formula for a call option. If c be the value of a call option, and all other variables have their usual meaning (S0 is the spot price, K is exercise price, and t is time to expiry), then according to the Black Scholes model the value of a call is given by the following expression:
202.22.e1
As S0 becomes large, d1 and d2 become large, and therefore N(d1) and N(d2) approach 1, leaving the value of the call to be equal to 202.22.e2, which is the formula for a forward contract.
II. If the volatility of a stock goes down to zero, the value of a call option on the stock will tend to be close to that of a forward contract so long as the option is in the money.
Again, this is true because if volatility is low or zero, the stock price will grow at its expected rate, and end up to be what the forward price is (S0 ert). If the option is out of the money, the value of the option will tend to 0.
III. All other things remaining the same, the issue of stock warrants exercisable at a future date will cause a decline in the current stock price.
This is true because the stock warrants are likely to be exercised only when they are in the money, ie when their exercise price is less than the going stock price, and at that time it will dilute the value of the existing shares. However, the reduction in the price is priced into the share price at the time of the issue of the warrants, and it is not that the share price falls the day they are exercised.
IV. Implied volatilities are calculated from market prices of options and are forward looking. This statement is true: historical volatilities calculated from past prices are backward looking, while 'implied volatility' is the volatility implied from market prices, and is forward looking as it encapsulates the market's view of how volatile the future is likely to be.