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NEW QUESTION: 1
Which statement about access lists that are applied to an interface is true?
A. You can apply multiple access lists with the same protocol or in different directions.
B. You can apply only one access list on any interface.
C. You can place as many access lists as you want on any interface.
D. You can configure one access list, per direction, per Layer 3 protocol.
Answer: D
NEW QUESTION: 2
Scenario:
You have been asked to evaluate an OSPF network setup in a test lab and to answer questions a customer has about its operation. The customer has disabled your access to the show running-config command.
Which of the following statements is true about the serial links that terminate in R3
A. The R2-R3 link OSPF timer values are 30, 120, 120
B. The R1-R3 link OSPF timer values should be 10,40,40
C. The R1-R3 link needs the neighbor command for the adjacency to stay up
D. R3 is responsible for flooding LSUs to all the routers on the network.
Answer: A
NEW QUESTION: 3
After deploying a new snapshot and migrating in-flight instances to the new snapshot, a BPM application developer has found some instances with orphaned tokens.
Which API must the BPM application developer use to manage the orphaned tokens?
A. REST
B. Web Services
C. Java
D. JavaScript
Answer: A
Explanation:
Explanation/Reference:
Reference: http://www.ibm.com/developerworks/bpm/bpmjournal/1305_norelus/1305_norelus.html (managing orphaned tokens)
NEW QUESTION: 4
Which of the following statements are true in respect of a fixed income portfolio:
I. A hedge based on portfolio duration is valid only for small changes in interest rates and needs periodic readjusting II. A duration based portfolio hedge can be improved by making a convexity adjustment III. A long position in bonds benefits from the resulting negative convexity IV. A duration based hedge makes the implicit assumption that only parallel shifts in the yield curve are possible
A. II and IV
B. I, II and IV
C. I and II
D. I and IV
Answer: B
Explanation:
Explanation
A hedge based on portfolio duration alone makes the assumption that the price/yield relationship is linear, and ignores the convexity or non-linearity of the price/yield relationship. As prices change beyond small changes, the non-linear effect kicks in, which can be offset by making a convexity adjustment to the hedge. Therefore statements I and II are correct.
Statement III is incorrect - negative convexity has an adverse effect on bond prices regardless of whether prices rise or fall.
Statement IV is correct, a bond hedge based on duration alone may be mismatched along the yield curve (eg, hedging a 10 year maturity bond with a 3 year futures contract, even though of identical total durations), which is based upon the implicit assumption that all rates will move together (ie parallel shifts).