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NEW QUESTION: 1

A. Option C
B. Option A
C. Option D
D. Option B
Answer: C
Explanation:
Reference:http://pubs.vmware.com/vsphere-50/topic/com.vmware.ICbase/PDF/vsphere-esxivcenter-server-501-host-management-guide.pdf(page 50)

NEW QUESTION: 2
Jean Sims, CFA and Ellie Hayes, CFA are advisors for Eagle Fixed Income Investors. Eagle makes recommendations on bonds, mortgages, and other fixed income investments for wealthy individuals and institutions.
Eagle has a client, Parker Portfolio Managers, which has a large holding of mortgages. Due to a projected decline in the housing market in the United States, the yields on mortgages are expected to increase over the next year. The largest mortgage position for Parker is currently priced at 98.80. Given the projected increase in yields, Sims has calculated an expected price of the mortgage of 95.50 in one year. For the same magnitude of yield change, she projects a price of 101.20 if yields instead fall. Hayes states that Parker should hedge the mortgage by shorting a 10-year Treasury bond futures contract.
Discussing the performance of mortgages in general with Parker officers, Hayes states that they are market directional investments. Hayes's reasoning is that mortgages tend to follow the general direction of the fixed income market, where mortgages should be avoided when interest rates are expected to rise and favored when they are expected to fall.
Commenting on hedging mortgages in general, Sims states that a two Treasury bond futures hedge is usually more effective than a single Treasury bond futures hedge. Furthermore, she states, a mortgage can be hedged dynamically by adjusting the hedge through time, or by buying interest rate options. An option hedge would be used when its implied volatility is low, she states.
Examining the Parker portfolio in more detail, Sims gathers the following details on mortgages they hold.

Later that day Sims and Hayes discuss the appropriate hedging of mortgages and make the following statements:
* Sims: "To hedge the duration exposure of a mortgage and maintain a constant duration, the investor should sell Treasury bond futures when interest rates fall and buy Treasury bond futures when interest rates rise."
* Hayes: "Mortgage investors face model risk where using a poor model increases the investor's risk. For example, if prepayments increase faster than expected, the investor faces greater risk. Unfortunately, there is no easy way to hedge model risk." Examining the properties of principal only (PO) and interest only (10) strips, Sims determines that the key rate durations for a client's PO strip are negative before year 8 but turn positive thereafter. The client's 10 strip has key rate durations that are positive up until year 10 but turn negative thereafter. Overall, the duration is positive for the PO strip and negative for the 10 strip. Sims is examining the effect of a yield curve change on the mortgages. Her assumption is that the short end of the yield curve increases while the Long end of the curve is unchanged.
Regarding comments of Sims and Hayes on hedging mortgages and model risk, are the comments correct?
A. Only Hayes is correct.
B. Only Sims is correct.
C. Both Sims and Hayes are correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Sims is incorrect. When interest races decline, the duration of a mortgage declines due to its negative convexity. Or looking at it another way, the mortgage's effective maturity and duration shorten as prepayment becomes more likely. So the investor would buy Treasury bond futures when interest rates fall to maintain a constant duration. The investor would sell Treasury bond futures when interest rates rise because the duration of mortgages increases as its convexity turns positive when interest rates rise.
Hayes is correct. Model risk increases the investor's risk, for example, when prepayments increase faster than a model predicts. The failure of a model cannot be hedged but the investor should assess a models success after the fact and check the sensitivity of the model to changes in inputs before the fact. For example, the investor could determine how a change in prepayments would affect mortgage value under different scenarios. (Study Session 10, LOS 32.b)

NEW QUESTION: 3
Which three options can be specified in Document Type Setup when setting up Order Types? (Choose three.)
A. Relieve On-Hand Inventory at Ship Confirm
B. Order Category
C. Line Type
D. Document Type Next Number
E. Bypass Invoice
Answer: A,B,D
Explanation:
Explanation/Reference:
Reference: http://learn-jde.com/setting-up-document-types-for-sales/

NEW QUESTION: 4
CORRECT TEXT

Answer:
Explanation:
Use the following answer for this simulation task.
Source IP Destination IP Port number
TCP/UDP Allow/Deny 10.4.255.10/24
10.4.255.101 443 TCP Allow 10.4.255.10/23
10.4.255.2 22 TCP Allow 10.4.255.10/25
10.4.255.101 Any Any Allow 10.4.255.10/25
10.4.255.102 Any Any Allow
Explanation:
Firewall rules act like ACLs, and they are used to dictate what traffic can pass between the firewall and the internal network. Three possible actions can be taken based on the rule's criteria: Block the connection Allow the connection Allow the connection only if it is secured
TCP is responsible for providing a reliable, one-to-one, connection-oriented session. TCP establishes a connection and ensures that the other end receives any packets sent. Two hosts communicate packet results with each other. TCP also ensures that packets are decoded and sequenced properly. This connection is persistent during the session. When the session ends, the connection is torn down. UDP provides an unreliable connectionless communication method between hosts. UDP is considered a best-effort protocol, but it's considerably faster than TCP. The sessions don't establish a synchronized session like the kind used in TCP, and UDP doesn't guarantee error-free communications. The primary purpose of UDP is to send small packets of information. The application is responsible for acknowledging the correct reception of the data. Port 22 is used by both SSH and SCP with UDP. Port 443 is used for secure web connections - HTTPS and is a TCP port. Thus to make sure only the Accounting computer has HTTPS access to the Administrative server you should use TCP port 443 and set the rule to allow communication between 10.4.255.10/24 (Accounting) and 10.4.255.101 (Administrative server1) Thus to make sure that only the HR computer has access to Server2 over SCP you need use of TCP port 22 and set the rule to allow communication between 10.4.255.10/23 (HR) and 10.4.255.2 (server2) Thus to make sure that the IT computer can access both the Administrative servers you need to use a port and accompanying port number and set the rule to allow communication between:
10.4.255.10.25 (IT computer) and 10.4.255.101 (Administrative server1)
10.4.255.10.25 (IT computer) and 10.4.255.102 (Administrative server2)
References:
Dulaney, Emmett and Chuck Eastton, CompTIA Security+ Study Guide, 6th Edition, Sybex,
Indianapolis, 2014, pp. 77, 83, 96, 157