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NEW QUESTION: 1
You are building a new calculation view B that uses calculation view A as a data source. In the Semantics node of calculation view A,you define a mask for the first 10 digits of a 15 digit Account Number. When you preview calculation view B, the Account Number is not masked.
Why do you see the Account Number unmasked?
A. You did not define masking in calculation view B.
B. The Account Number is based on the Integer data type.
C. The UNMASKED privilege for calculation view A has been granted.
D. The masking is based on the column of a row table.
Answer: C

NEW QUESTION: 2
William Rogers, a fixed-income portfolio manager, needs to eliminate a large cash position in his portfolio.
He would like to purchase some corporate bonds. Two bonds that he is evaluating are shown in Exhibit I.
These two bonds are from the same issuer, and the current call price for the callable bond is 100. Assume that the issuer will call if the bond price exceeds the call price.
Rogers is also concerned about increases in interest rates and is considering the purchase of a putable bond. He ants to determine how assumed increases or decreases in interest rate volatility affect the value of the straight bonds and bonds with embedded options. After Rogers performs some analysis, he and his supervisor, Sigourney Walters, discuss the relative price movement between the two bonds in Exhibit 1 when interest rates change significantly During the discussions, Rogers makes the following statements:
Statement 1: If the volatility of interest rates decreases, the value of the callable bond will increase.
Statement 2: The noncallable bond will not be affected by a change in the volatility or level of interest rates.
Statement 3: When interest rates decrease, the value of the noncallable bond increases by more than the callable bond.
Statement4: If the volatility of interest rates increases, the value of the putable bond will increase.
Walters mentors Rogers on bond concepts and then asks him to consider the pricing of a third bond. The third bond has five years to maturity, a 6% annual coupon, and pays interest semiannually. The bond is both callable and putable at 100 at any time. Walters indicates that the holders of the bond's embedded options will exercise if the option is in-the-money.

Rogers obtained the prices shown in Exhibit b using software that generates an interest rate lattice. He uses his software to generate the interest rate lattice shown in Exhibit 2.
Exhibit 2: Interest Rate Lattice (Annualized Interest Rates)

The market value of the embedded call option in Exhibit 1 is closest to:
A. 1.79
B. 1.65.
C. 1.56.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The answer is 1.56 and is found by taking the difference between the value of the callable and the noncallable bonds: Call option value = 99.77 - 98.21 = 1.56. Note: This is an example of a bask question that you should get right! Don't give up these points or lose time by starting a complicated calculation. The question might be as easy as it seems. (Study Session 14, LOS 54.e)

NEW QUESTION: 3
What is the corefunctionality of PEM?
A. Automatically created EDI data maps
B. Transports, translates and tracks data
C. Facilities the secure exchange of EDIFACT data from one computer to another through a network
D. Onboard and manages a company's trading partners
Answer: D

NEW QUESTION: 4
Assume you are preparing your procurement management plan. A useful tool and technique is to______________
A. Have a meeting
B. Review the requirements document
C. Use your risk register
D. Use your stakeholder register
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Meetings are another tool and technique in plan procurement management. They are held as research alone may not provide specific information for a procurement strategy without additional information exchange with potential bidders. Through collaborating with potential bidders the organization purchasing the material or service may benefit. Suppliers may benefit to influence a mutually beneficial approach or product.