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NEW QUESTION: 1
JJJ presently makes motorcycles for use by the armed forces in its home country. Defence spending cuts have forced JJJ to seek a new business direction. JJJ has decided to make trucks for sale to private businesses in its home country.
Use the Ansoff product/market matrix to identify the new strategic direction of JJJ.
A. Product development
B. Market development
C. Related diversification
D. Market penetration
Answer: C

NEW QUESTION: 2
Mary Pierce, CFA, has just joined The James Group as a fixed income security analyst. Pierce has taken over for Katy Williams, who left The James Group to start her own investment firm. Pierce has been reviewing Williams's files, which include data on a number of securities that Williams had been reviewing.
The first file had information on several different asset-backed securities. A summary schedule that Williams had prepared is shown in Exhibit 1.
Exhibit 1: Summary Schedule

The second file included the following schedule of information relating to a specific CMO thai Williams had been considering. Exhibit 2 reflects the results of a Monte Carlo simulation based on 15% volatility of interest rates. This security is stil! available, and Pierce needs to evaluate the investment merit of any or all of the listed tranches.

A third file contained notes Williams had laken at a seminar a couple of months ago on valuing various types of asset-backed and mortgage-backed securities. These notes included the following comments that Pierce found interesting:
"Cash flow yield (CFY) is one method of valuing mortgage-backed securities. An advantage of the CFY is that it does not rely on any specific prepayment assumptions. An important weakness of CFY is the assumption that interim cash flows will be reinvested at the CFY. This is rarely true for mortgage-backed securities."
"Cash flow duration is similar to effective duration, but its weakness is that it fails to fully account for changes in prepayment rates as cash flow yields change. Empirical duration suffers two disadvantages as a measure of interest rate exposure: reliance on theoretical formulas and reliance on historical pricing data that may not exist for many mortgage-backed securities."
"The recent increase in the default rate for subprime adjustable rate mortgages can be traced to the structure of these loans. The negative amortization feature of these loans basically gave the borrower an at-the-money call option on their property. Once the property decreased in value, this call option was worthless, and the borrower had no incentive to make any additional payments." Evaluate the validity of Williams's comments regarding different duration measures. Her comments as to the weaknesses of each duration measure were:
A. correct only with regard to cash flow duration.
B. correct with regard to both duration measures.
C. correct only with regard to empirical duration.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Cash flow duration assumes that one prepayment rate will apply over the life of an MBS for whatever change in interest rates is assumed. Empirical duration is reliant on historical prices that might not be easily available, but it does NOT rely on any theoretical valuation models. The values are based on historical pricing relationships. (Study Session 15. LOS 57.h)

NEW QUESTION: 3

A. Option D
B. Option C
C. Option B
D. Option A
Answer: C,D
Explanation:
You use the vSphere Replication client plug-in to perform all vSphere Replication actions.
Reference: https://pubs.vmware.com/vsphere55/index.jsp?topic=%2Fcom.vmware.vsphere.replication_admin.doc%2FGUID-DEFB63AE-C60C4606-9F1C-E1B270CA408A.html

NEW QUESTION: 4
You are creating an app that uses Event Grid to connect with other services. Your app's event data will be sent to a serverless function that checks compliance. This function is maintained by your company.
You write a new event subscription at the scope of your resource. The event must be invalidated after a specific period of time.
You need to configure Event Grid to ensure security.
What should you implement? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Explanation

References:
https://docs.microsoft.com/en-us/azure/event-grid/security-authentication

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