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NEW QUESTION: 1
Arrange the following rates in descending order, assuming an upward sloping yield curve:
1. The 10 year zero rate
2. The forward rate from year 9 to 10
3. The yield-to-maturity on a 10 year coupon bearing bond
A. 1, 3, 2
B. 1, 2, 3
C. 3, 2, 1
D. 2, 1, 3
This question highlights the difference between zero rates, yield-to-maturity and forward rates. Forward rates are from one point in time to another, for example say from year 4 to 5 in the future. A zero rate is from time
0, or now, to a point in time in the future. The zero rate is dependent on the forward rates for all the different periods from now to the future. The yield curve represents the various zero rates at different points in time, and if it is upward sloping it means forward rates for years further out are greater than the years prior. That is what causes the zero rate yields to increase over time and the curve to slope upwards. So the forward rate from year
9 to 10 will certainly be higher than the 10 year zero rate.
The yield-to-maturity for a bond is the rate at which the payments on the bond discount to be equal to the current bond price. It is therefore the average rate that applies to the bond. This average is based upon the different zero rates for the years in which bond holders receive payments. Since coupons are smaller than the payment at maturity, the zero rate that applies to the payment at maturity will have the most impact on the numerical value of the bond's yield-to-maturity. Also affecting the yield-to-maturity will be the values of the coupon payments, which will be discounted at lower rates when the yield curve is upward sloping. So the yield-to-maturity will be an average lower than the 10 year zero. Since the 10 year zero will be lower than the forward rate from t=9-10, the yield-to-maturity will be the lowest rate of the three.
NEW QUESTION: 2
A user schedules a document. When the schedule time is reached, the Central Management Server assigns the request to a job server.
Which task is performed by the job server as the next step in the process flow?
A. Send a copy of the document to the processing server.
B. Receive a copy of the document from the Input File Repository Server.
C. Retrieve data from the data source.
D. Send the instance to the Output File Repository Server.
NEW QUESTION: 3
A. Option C
B. Option A
C. Option B
D. Option D
NEW QUESTION: 4
Marian is the Product Owner envisioning a project for a new release of her product. She made a projection of a release date based upon a sustained velocity of 17 completed units of work per Sprint. Over the first 3 Sprints, the average velocity was 13 for work that the Development Team estimated as 90% done. The Development Teams, feeling the need to meet the plan, figured that a velocity of 17 was within their reach.
A good way to continue is:
A. Add enough people to the Development Team for the deadline to be made.
B. The Development Team makes sure that all of the selected scope per Sprint is as "Done" as possible. The undone work is estimated and added to the Sprint Backlog of the next Sprint, so it doesn't mess up the Product Backlog.
C. The opportunity to inspect and adapt is lost. Opaqueness has replaced transparency. Predictability has dropped below zero. The produced software is not usable. As the rules of Scrum have not been respected, it is the Scrum Master's duty to assess whether repair is possible, or a restart with a more reliable team. If not, the Scrum Master should cancel the project.
D. The Development Team should remind Marian to find funding for enough Release Sprints in which the remaining work can be done.
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