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Pass CAMS-Deutsch \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
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\+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
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\+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Practice Questions
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
As promised to our users we are making more content available. Take some time and see where you stand with our Free \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
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E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
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NEW QUESTION: 1
A SIP carried delivers DIDs to a Cisco Unified Border Element in the form of +155567810XX, where the last two digits could be anything from 00 to 99. To match the internal dial plan, that number must be changed to 6785XXX, where the last two digits should be retained. Which two translation profiles create the required outcome? (Choose two)
A. rule 1 /+ 1555\(...\).\(...\)$/ /\15\2/
B. rule 1 /.15+678?10?\(..\)/ /67850\1/
C. rule 1 /
\+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Q: What should I expect from studying the \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
A: You will be able to get a first hand feeling on how the \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Q: Will the Premium \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
A: No one can guarantee you will pass, this is only up to you. We provide you with the most updated study materials to facilitate your success but at the end of the of it all, you have to pass the exam.
Q: I am new, should I choose \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
A: We recommend the \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Q: I would like to know more about the \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
A: Reach out to us here \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
\+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
\+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Exam Topics
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Review the \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
\+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Offcial Page
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Review the official page for the \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Check what resources you have available for studying.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Exam (opens in a new tab)" href="javascript:void(0)" target="_blank" class="aioseop-link">Schedule the \+ 1555\(678\)10\(..\)$/ /\150\2/
E. rule 1 /555\(.*\).*\(.*\)/ /\150\2/
Answer: B,D
NEW QUESTION: 2
You enabled block change tracking for faster incremental backups in your database. Which background process writes to the change tracking file?
A. MMON
B. SMON
C. RBAL
D. CKPT
E. CTWR
F. DBWR
G. PMON
Answer: E
NEW QUESTION: 3
What are the two types of logs?
A. System, debug
B. 3 MB
C. TRUE
D. On-demand
Answer: A
NEW QUESTION: 4
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.
At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.
Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. all three portfolios will experience the same price performance.
C. Portfolio 1 will experience the best price performance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.