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NEW QUESTION: 1
Which of the required fields in a Design Change Request (DCR) has the most influence on the decision whether a requested functionality will be added to a product?
A. Description
B. Requested Completion Date
C. IBM business justification
D. Priority
Answer: D
NEW QUESTION: 2
A. Option C
B. Option D
C. Option A
D. Option B
Answer: D
NEW QUESTION: 3
Which of the following combinations of interest rate options would replicate a 6-month by 9-month forward rate agreement to pay 5% fixed? The LIBOR below refers to the 3-month LIBOR.
A. Long a 6-month call on LIBOR and short a 6-month put on LIBOR.
B. Long a 9-month call on LIBOR and short a 9-month put on LIBOR.
C. Long a 6-month call on LIBOR and long a 6-month put on LIBOR.
Answer: A
Explanation:
If LIBOR exceeds 5%, this combination will result in an inflow of funds just like an FRA. If
LIBOR drops below 5%, this combination will result in an outflow of funds just like an FRA