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NEW QUESTION: 1
Which of the following statements is (are) true with respect to the price behavior of putable bonds?
I). At very high levels of interest rates, the price of a putable bond will be very close to that of an equivalent non-putable bond.
II). At very low levels of interest rates, the put embedded in the bond will have a very low value.
III). Negative convexity will begin to appear for a putable bond at very low yield levels.
IV). At high yield levels, duration will underestimate the expected bond price for a given unit change in yield.
A. II and IV.
B. II, III, and IV.
C. I, II, and III.
Answer: A
Explanation:
I is incorrect because at very high levels of interest rates, the bondholders will want to exercise their right to deliver the bond back to the issuer. Thus, the value of a putable bond will be considerably higher than that of an equivalent non-putable bond.
III is incorrect because the convexity for a putable bond will be positive at all yield levels.

NEW QUESTION: 2
Jacob runs a Web site specializing in selling music from independent artists. Most of the site's customers want to know about unknown or new artists in the music industry whose work is available on Jacob's site. Site visitors have requested an easier way to learn about updates to the New Artists page. Which of the following will best meet visitors' needs?
A. Install a search feature on the New Artists page.
B. Install an RSS feed for the New Artists page.
C. Use a different font for each new entry on the New Artists page.
D. Update the New Artists page more often.
Answer: B

NEW QUESTION: 3
Identify two prerequisites for configuring Oracle Identity Manager Server (Choose two.)
A. starting the OAM Managed Server
B. starting the Oracle WebLogic Administration Server for the domain in which OIM has been deployed
C. starting the SOA Managed Server
D. starting the OUD Managed Server
Answer: B,C

NEW QUESTION: 4
You have a computer that runs Windows Vista.
The computer has one partition and 1 GB of RAM.
You need to upgrade the computer to Windows 7.
What should you do?
A. Install Windows Vista Service pack 2 (SP2).
B. Create a second partition.
C. Disable User Account Control (UAC).
D. Add 1 GB of RAM.
Answer: A