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NEW QUESTION: 1
Steve Sharp sees a quote for a mutual fund that indicates the fund has a net asset value (NAV) of $26.60 and a public offering price (POP) of $28.00. Based on this, Mr. Sharp quickly ascertains that this fund must have:
A. either a front-end or rear-end load of 5.0%.
B. a front-end load of 5.0%.
C. a front-end load of 5.3%.
D. either a front-end or rear-end load of 5.3%.
Answer: B
Explanation:
Explanation/Reference:
Explanation: A mutual fund that is reported to have a NAV of $26.60 and a POP of $28.00 must have a front-end load of 5.0%. Front-end load = (POP - NAV)/POP = ($28.00 - $26.60)/$28.00 = 5.0%.
NEW QUESTION: 2
Which two STP port types are configurable in Cisco NX-OS'? (Choose two.)
A. edge
B. root
C. point-to-point
D. normal
E. blocked
Answer: A,D
Explanation:
Explanation
https://www.cisco.com/c/en/us/td/docs/switches/datacenter/nexus5000/sw/configuration/guide/cli/CLIConfigurationGuide/SpanningEnhanced.html#10604
NEW QUESTION: 3
Which of the following is NOT a conceptual definition of credit risk on which credit models are based?
A. Value-at-Risk paradigm
B. Default Mode Paradigm
C. Mark-to-Market Paradigm
Answer: A
NEW QUESTION: 4
Changes in accounting estimates are viewed as:
A. Errors in reported amounts in prior periods.
B. Reassessments of current status and future benefits and obligations.
C. Extraordinary items.
D. Catch-up adjustments related to amounts reported in prior periods.
Answer: B
Explanation:
A change in accounting estimate adjusts the carrying amount of an asset or liability or the consumption of an asset. It results from reassessing the status and expected benefits and obligations related to assets and liabilities. It is based on new information and is not an error correction.