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NEW QUESTION: 1
Which two statements about administrative access to the Cisco Secure ACS SE are true?
(Choose two.)
A. GUI access to the Cisco Secure ASC SE is not supported.
B. The Cisco Secure ACS SE supports command-line connections through an Ethernet interface.
C. For GUI access, an administrative GUI user must be created by using the add-guiadmin command.
D. The Cisco Secure ACS SE supports command-line connections through a serial-port connection.
E. An ACL-based policy must be configured to allow administrative-user access.
Answer: C,E

NEW QUESTION: 2
Ein Benutzer meldet, dass der Cursor beim Eingeben von Dokumenten auf einem neuen Laptop herumspringt. Welche der folgenden Ursachen ist für das Problem am wahrscheinlichsten?
A. Inkompatible Software
B. Hardware ohne Vorzeichen
C. Bildschirmkalibrierung
D. Touchpad-Einstellungen
Answer: D

NEW QUESTION: 3
Imagine two perpetual bonds, ie bonds that pay a coupon till perpetuity and the issuer does not have an obligation to redeem. If the coupon on Bond A is 5%, and on Bond B is 15%, which of the following statements will be true:
I. The Macaulay duration of Bond A will be 3 times the Macaulay duration of Bond B.
II. Bond A and Bond B will have the same modified duration
III. Bond A will be priced at less than 1/3rd the price of Bond B
IV. Both Bond A and Bond B will have a duration of infinity as they never mature
A. I and II
B. II
C. IV and I
D. III and IV
Answer: B
Explanation:
Explanation
The modified duration of a perpetual bond is given by 1/i, where i is the yield. Since I is a positive number greater than zero, it means the modified duration of a perpetual bond is not infinity. Also note that this formula makes no reference to the coupon rate at all - in other words, the modified duration of a perpetual bond is independent of the coupon. The Macaulay duration of a perpetual bond is given by (1+i)/i, again a formula devoid of any references to the coupon. The price of a perpetual bond can be calculated as Coupon/i, which means that a 15% coupon perpetual bond will be priced at exactly 3x the price of a 5% coupon bond.
Based on the above, statement I is incorrect, but statement II is correct. Statement III is incorrect because Bond A will be priced at exactly 1/3rd the price of Bond B, and not less than that. Similarly, statement IV is incorrect as well.
Intuitively, a perpetual bond is nothing but a perpetual annuity, which will have a present value equal to 1/i * cash flow (which in this case is the coupon). The coupon rate only sets the cash flow dollar amount - there is really no difference between the two bonds described in the question except that buying one of Bond B is economically identical to buying three of Bond A.