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NEW QUESTION: 1
Howard Mayfield, a portfolio manager with Churn Brothers Brokerage, is examining a new issue of
7 -year corporate notes. These notes have been issued by Microscam, and feature an 8.00% per year coupon rate. These bonds are trading at a yield of 7.34% per year. The yield on the on-the-run 5-year
Treasury note is 5.12% per year.
What are the relative and absolute yield spreads between these two securities? Further, what is the yield ratio? A Relative yield spread 30 2%; absolute yield spread 222 basis points; yield ratio 1 56
A. Relative yield spread 43.4%; absolute yield spread 222 basis points; yield ratio 1.43.
B. Relative yield spread 30.2%; absolute yield spread 222 basis points; yield ratio 1.56.
C. Relative yield spread 43.4%; absolute yield spread 66 basis points; yield ratio 1.43.
Answer: A
Explanation:
The difference between the yield on an on-the-run Treasury security and a non-Treasury issue of similar maturity is frequently referred to as simply the "yield spread." Further, since non-Treasury sectors of the fixed income market nearly always offer a spread to similar Treasury issues, non-Treasury sectors are referred to as "spread sectors" and securities in these sectors are referred to as "spread products."
There are many measures of yield spread; the most common measures include the absolute yield spread, the relative yield spread, and the yield ratio. Each of these methods is detailed below: {Absolute yield spread = [yield on security A - yield of on-the-run Treasury]} {Relative yield spread = [(yield on security A - yield of on-the-run Treasury) / yield of on-the-run Treasury} {Yield ratio = [Yield on security A / yield of on-the-run Treasury]}
Remember that while the most useful measures of relative yield spread (for purposes of risk analysis) is to measure a spread product against a comparable on-the-run Treasury issue, measures of yield spread can be calculated for any two debt securities, regardless of maturity, coupon, yield, or issuer. In this example, all of the necessary information has been provided, and the calculation of each measure of yield spread is as follows:
{Relative yield spread = [(0.0734 - 0.0512) / 0.0512]] = 0.43359}, or 43.4% {Absolute yield spread =
[0.0734 -0.0512] = 0.0222}, or 222 basis points {Yield ratio = [0.0734 / 0.0512] = 1.43359}, or 1.43

NEW QUESTION: 2

A. 0
B. 1
C. 2
D. 3
Answer: C

NEW QUESTION: 3
Note: This question is part of a series of questions that use the same or similar answer choices.
An answer choice may be correct for more than one question in the series. Each question is independent of the other questions in this series. Information and details provided in the question apply only to that question.
A company has an Office 365 tenant that has an Enterprise E1 subscription. You synchronize disabled user accounts from an Active Directory Domain Services environment.
You need to enable the user accounts in Office 365.
Which Windows PowerShell cmdlet should you run?
A. Set-MailUser
B. Redo-MsolProvisionUser
C. Set-MsolUserPrincipalName
D. Convert-MsolFederatedUser
E. Set-LinkedUser
F. Set-MsolUserLicense
G. Set-MsolUser
Answer: G
Explanation:
The Set-MsolUser cmdlet is used to update a user object. This cmdlet should be used for basic properties only.
Example: The following command sets the multi-factor authentication on this user.
Enable a user:
$st = New-Object -TypeName
Microsoft.Online.Administration.StrongAuthenticationRequirement
$st.RelyingParty = "*"
$st.State = "Enabled"
$sta = @($st)
Set-MsolUser -UserPrincipalName [email protected] -StrongAuthenticationRequirements $sta

NEW QUESTION: 4
Which of the following tools could be used to create a OCFS2 cluster filesystem? (Select TWO correct answers)
A. o2cb_svc
B. ocfs2console
C. o2cb_ctl
D. mkocfs2
E. ocfs2_init
Answer: B,C