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NEW QUESTION: 1
Satish Dhawan, a veteran fixed income trader is conducting interviews for the post of a junior fixed income trader. He interviewed four candidates Adam, Balkrishnan, Catherine and Deepak and following are the answers to his questions.
Question 1: Tell something about Option Adjusted Spread
Adam: OAS is applicable only to bond which do not have any options attached to it. It is for the plain bonds.
Balkishna: In bonds with embedded options, AS reflects not only the credit risk but also reflects prepayment risk over and above the benchmark.
Catherine: Sincespreads are calculated to know the level of credit risk in the bound, OAS is difference between in the Z spread and price of a call option for a callable bond.
Deepark: For callable bond OAS will be lower than Z Spread.
Question 2: This is a spread that must be added to the benchmark zero rate curve in a parallel shift so that the sum of the risky bond's discounted cash flows equals its current market price. Which Spread I am talking about?
Adam: Z Spread
Balkrishna: Nominal Spread
Catherine: Option Adjusted Spread
Deepark: Asset Swap Spread
Question 3: What do you know about Interpolated spread and yield spread?
Adam: Yield spread is the difference between the YTM of a risky bond and the YTM of an on-the-run treasury benchmark bond whose maturity is closest, but not identical to that of risky bond. Interpolated spread is the spread between the YTM of risky bond and the YTM of same maturity treasury benchmark, which is interpolated from the two nearest on-the-run treasury securities.
Balkrishna: Interpolated spread is preferred to yield spread because the latter has the maturity mismatch, which leads to error if the yield curve is not flat and the benchmark security changes over time, leading to inconsistency.
Catherine: Interpolated spread takes account the shape of the benchmark yield curve and therefore better than yield spread.
Deepak: Both Interpolated Spread and Yield Spread rely on YTM which suffers from drawbacks and inconsistencies such as the assumption of flat yield curve and reinvestment at YTM itself.
Then Satish gave following information related to the benchmark YTMs:
There is an 8.75% risky bond with a maturity of 2.75% year(s). Its current price is INR102.31, which corresponds to YTM of 8.52%. Compute Yield Spread from the information provided in the vignette:
A. 0.27%
B. 0.36%
C. 0.00%
D. 0.13%
Answer: B
NEW QUESTION: 2
A. Encryption settings
B. Enabled MAC filtering
C. Disabled SSID broadcast
D. Content filtering
Answer: B
NEW QUESTION: 3
Which migration solution should you recommend for Project1?
A. From the Exchange admin center, start a migration and select Staged migration.
B. From the Exchange admin center, start a migration and select Cutover migration.
C. From the Microsoft 365 admin center, start a data migration and click Exchange as the data service.
D. From the Microsoft 365 admin center, start a data migration and click Outlook as the data service.
Answer: C
Explanation:
Explanation
Project1: During Project1, the mailboxes of 100 users in the sales department will be moved to Microsoft 365.
Fabrikam does NOT plan to implement identity federation.
All users must be able to exchange email messages successfully during Project1 by using their current email address.
During Project1, some users will have mailboxes in Microsoft 365 and some users will have mailboxes in Exchange on-premises. To enable users to be able to exchange email messages successfully during Project1 by using their current email address, we'll need to configure hybrid Exchange.
A new way to migrate mailboxes in a hybrid Exchange configuration is to use the Microsoft 365 data migration service. The data migration service can migrate Exchange, SharePoint and OneDrive. Therefore, we need to start a data migration and click Exchange as the service to be migrated.
Reference:
https://docs.microsoft.com/en-us/fasttrack/O365-data-migration
https://docs.microsoft.com/en-us/exchange/hybrid-deployment/move-mailboxes
NEW QUESTION: 4
You have a computer that runs Windows 7.
You need to identify which applications were installed during the last week.
What should you do?
A. From System Information, review the Software Environment.
B. From Reliability Monitor, review the informational events.
C. From Performance Monitor, run the System Performance Data Collector Set.
D. From Performance Monitor, review the System Diagnostics Report.
Answer: B
Explanation:
Reliability Monitor tracks a computer's stability. It can also tell you when events that could affect stability (such as the installation of a software application) occurred and whether any restarts were required after these events. Action Center monitors your computer and reports problems with security, maintenance, and related settings. The Windows Experience Index indicates the suitability of your current computer hardware for running resource intensive applications.