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NEW QUESTION: 1
Kwagmyre Investments, Ltd., hold two bonds: a callable bond issued by Mudd Manufacturing Inc. and a putable bond issued by Precarious Builders. Both bonds have option adjusted spreads (OAS) of 135 basis points (bp). Kevin Grisly, a junior analyst at the firm, makes the following statements (each statement is independent). Apparently, Grisly could benefit from a CFA review course, because the only statement that could be CORRECT is:
A. The spread over the spot rates for a Treasury security similar to Mudd's bond is 145 bp.
B. The Z-spread for Mudd's bond is based on the YTM.
C. The cost of the call option on the Mudd bond is -15bp.
D. Given a nominal spread for Precarious Builders of 110 bp, the option cost is -25 bp.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The "spread over the spot rates for a Treasury security similar to Mudd's bond" refers to the Z-spread on the bond.For a callable bond, the OAS < Z-spread, so this could be a true statement because 135bp < 145 bp.
The other statements are false. The option cost is calculated using the OAS and theZ-spread,not the nominal spread. The cost of the call option should be positive.(The issuer has to compensate for increased uncertainty from the call option.) The static spread (or Z-spread)is the spread over each of the spot rates in a given Treasury term structure,not the spread over the Treasury's YTM.
Following is a more detailed discussion:
The option-adjusted spread(OAS) is used when a bond has embedded options. The OAS can be thought of as the difference between the static or Z-spread and the option cost. For the exam, remember the following relationship between the static spread (Z-spread), the OAS, and the embedded option cost:
Z Spread - OAS = Option Cost in % terms
Remember the following option value relationships:

NEW QUESTION: 2
You need to optimize SRV1.
What configuration changes should you implement? To answer, select the appropriate option from each list in the answer area.

Answer:
Explanation:

Explanation

From the scenario: SRV1 has 16 logical cores and hosts a SQL Server instance that supports a mission-critical application. The application hasapproximately 30,000 concurrent users and relies heavily on the use of temporary tables.
Box 1: Change the size of the tempdb log file.
The size and physical placement of the tempdb database can affect the performance of a system. For example, if the size that is defined for tempdb is too small, part of the system-processing load may be taken up with autogrowing tempdb to the size required to support the workload every time you restart the instance of SQL Server. You can avoid this overhead by increasing the sizes of the tempdb data and log file.
Box 2: Add additional tempdb files.
Create as many files as needed to maximize disk bandwidth. Using multiple files reduces tempdb storage contention and yields significantly better scalability. However, do not create too many files because this can reduce performance and increase management overhead. As a general guideline, create one data file for each CPU on the server (accounting for any affinity mask settings) and then adjust the number of files up or down as necessary.
Topic 2, Contoso, Ltd Case Study 2Background
You are the database administrator for Contoso, Ltd. The company has 200 offices around the world. The company has corporate executives that are located in offices in London, New York, Toronto, Sydney, and Tokyo.
Contoso, Ltd. has a Microsoft Azure SQL Database environment. You plan to deploy a new Azure SQL Database to support a variety of mobile applications and public websites.
The company is deploying a multi-tenant environment. The environment will host Azure SQL Database instances. The company plans to make the instances available to internal departments and partner companies.
Contoso is in the final stages of setting up networking and communications for the environment.
Existing Contoso and Customer instances need to be migrated to Azure virtual machines (VM) according to the following requirements:
The company plans to deploy a new order entry application and a new business intelligence and analysis application. Each application will be supported by a new database. Contoso creates a new Azure SQL database named Reporting. The database will be used to support the company's financial reporting requirements. You associate the database with the Contoso Azure Active Directory domain.
Each location database for the data entry application may have an unpredictable amount of activity. Data must be replicated to secondary databases in Azure datacenters in different regions.
To support the application, you need to create a database named contosodb1 in the existing environment.
Objects

Database
The contosodb1 database must support the following requirements:
Application
For the business intelligence application, corporate executives must be able to view all data in near real-time with low network latency.
Contoso has the following security, networking, and communications requirements:

NEW QUESTION: 3
Note: This question is part of a series of questions that use the same scenario. For your convenience, the scenario is repeated in each question. Each question presents a different goal and answer choices, but the text of the scenario is exactly the same in each question in this series.
Start of repeated scenario.
Your network contains an Active directory forest named adatum.com.
All client computers run Windows 10 Enterprise. All the computers are named by using the name of their respective department and an incremental three-digit number. For example, the first computer in the sales department is named Sales001.
Several managers use tablets that run Windows 10 and have 3 GB of RAM. All other client computers have at least 8 GB RAM.
Adatum.com is synchronized to Microsoft Azure Active Directory.
Your company implements the Microsoft Store for Business.
You have a deployment of System Center Configuration Manager (Current Branch) that has discovery configured. All the client computers have the Configuration Manager client installed.
The company uses the applications shown in the following table.

The company identifies the following requirements for software deployments:
*View the Upgrade Readiness data of all the client computers.
*Deploy App1 to the client computers in the marketing department.
*Deploy App2 to the client computer in the human resources (HR) department.
*Monitor the usage of App3.
*Deploy SalesAppLite to sales department computers that have 3 GB of RAM or less.
*Deploy SalesAppFull to sales department computers that have more than 3 GB of RAM.
You create a cloud-based distribution point that has a public name of d1594d4527614a09b934d470.
End of repeated scenario.
You need to meet the requirements for the sales department computers.
What are two possible ways to achieve the goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. Create two applications that each has one deployment type. Configure each deployment type to use a device requirement.
B. Create two packages that each has one program. Configure each program to use a requirement to run on a specific client platform.
C. Create one application that has two deployment types. Configure each deployment type to use a device requirement.
D. Create one package that has two programs. Configure each program to use a requirement to run on a specific client platform.
Answer: C
Explanation:
Explanation/Reference:
References: https://docs.microsoft.com/en-us/sccm/apps/deploy-use/create-applications