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NEW QUESTION: 1
Which of the following statements is not correct with respect to a European call option:
A. An increase in the volatility of the underlying always increases the value of the option
B. An increase in the time to expiry always increases the value of the option
C. A increase in the risk-free rate of interest always increases the value of the option
D. An increase in the price of the underlying always increases the value of the option
Answer: B
Explanation:
Explanation
An increase in volatility increases the value of the option, and so do increases in the price of the underlying and the risk free rate. However, since a European option can only be exercised at expiry, an increase in the time to expiry may not necessarily increase the value of the option as it may increase the uncertainty around a more certain payout.
Consider the extreme case of a deep in the money European call option that has 1 day left to expiry, and a payout is certain. Now imagine the time to expiry is increased by say, 6 months. Now the payout is no longer certain as no one knows what the value of the underlying will end up at after 6 months. In such a case, the value of the option would decline. But this applies only to a European option. An American option, which can be exercised any time, will not be affected by this reasoning.

NEW QUESTION: 2
Examine the following command;
ALTER SYSTEM SET enable_ddl_logging = TRUE;
Which statement is true?
A. All DDL commands are logged in the alert log file.
B. All DDL commands are logged in XML format in the alert directory under the Automatic
Diagnostic Repository(ADR) home.
C. All DDL commands are logged in a different log file that contains DDL statements and their execution dates.
D. Only the data definition language (DDL) commands that resulted in errors are logged in the alert log file.
E. Only DDL commands that resulted in the creation of new segments are logged.
Answer: A
Explanation:
Once DDL logging is turned on, every DDL command will be logged in the alert log file and also the log.xml file.
Note:
* By default Oracle database does not log any DDL operations performed by any user. The default settings for auditing only logs DML operations.
* Oracle 12c DDL Logging - ENABLE_DDL_LOGGING
The first method is by using the enabling a DDL logging feature built into the database. By default it is turned off and you can turn it on by setting the value ofENABLE_DDL_LOGGING initialization parameter to true.
* We can turn it on using the following command. The parameter is dynamic and you can turn it on/off on the go.
SQL> alter system set ENABLE_DDL_LOGGING=true;
System altered.
Elapsed: 00:00:00.05
SQL>
Once it is turned on, every DDL command will be logged in the alert log file and also the log.xml file.

NEW QUESTION: 3
Refer to the exhibit.

Which option is the received signal power level at the receiver?
A. -49.28
B. 0
C. 1
D. -40.72
Answer: B

NEW QUESTION: 4
Speaking a passphrase into a voice print analyzer is an example of which of the following security concepts?
A. Single factor authentication
B. Two factor authentication
C. Single sign-on
D. Identification and authorization
Answer: B