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Salesforce Advanced-Administrator
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NEW QUESTION: 1
Which of the following objects can you directly assign when you define the work center master record? choose
2 answers
A. orgnaizational unit
B. capacity category
C. calculation key
D. business partner
Answer: A,B
NEW QUESTION: 2
Mike Diffle has been asked to evaluate the bonds of Hardin, Inc. The specific issue Diffle is considering has an 8% annual coupon and matures in two years. The bonds are currently callable at 101, and beginning in six months, they are callable at par. Bratton Corp, a competitor of Hardin's, also has bonds outstanding which are identical to Hardin's except that they are not callable. Diffle believes that the AA rating of both bonds is an accurate reflection of their credit risk. Diffle is wondering if the Bratton bonds might be a better investment than the Hardin bonds. Assume that the following 1-year interest rate tree is used to value bonds with a maturity of up to three years (this tree assumes interest rate volatility of 10%).
Also, assume that the appropriate spot rates for securities maturing in one, two, and three years are 7.25%
,7.5%, and 7.80%, respectively.
Diffle believes he should begin his analysis with the option-free Bratton bonds. He decides to consider two different approaches to valuing the Bratton Bonds-one that uses the current spot rate curve and another that uses the interest rate tree given above.
For the next step in his analysis, Diffle has decided to calculate the value of the Hardin bonds using the interest rate tree. His assumption is that the bond will be called ai any node of the tree where the calculated value exceeds the call price. Diffle summarizes the results of his bond valuation analysis in a memo to his supervisor, Luke Puldo. In this memo, Diffle makes the following statements:
Statement 1: The value of the option embedded in the Hardin bonds can be derived by simply subtracting the interest rate tree value of the Hardin bonds from the interest rate tree value of the Bratton bonds.
Statement 2: I am concerned that the 10% volatility assumption used to develop the interest rate tree might be too low. A higher volatility assumption would result in a lower value for the Hardin bonds.
After reviewing Diffle's analysis, Puldo notes that Diffle has not included any information on the option adjusted spread (OAS) for the Hardin bonds. Puldo suggests that Diffle should evaluate the OAS in order to get an idea of the liquidity risk of the Hardin bonds. Diffle counters that the OAS may not be very informative in this case, since he is uncertain as to the reliability of the interest rate volatility assumption.
To finish his analysis, Diffle would like to use his binomial model to evaluate the interest rate risk of both the Hardin bonds and the Bratton bonds. Diffle has shocked interest rates by 25 basis points throughout the interest rate tree he has been using to value the two bond issues. Using the new rates, Diffle has calculated values for the bonds assuming a 25-basis-point increase or decrease in rates. He plans to use these values as inputs into the following formulas for duration and convexity:
Using the interest rate tree, and assuming that the bonds will be called at any node of the tree where the calculated value exceeds the call price, which of the following is closest to the value of the Hardin bonds?
A. 100.378.
B. 100.472.
C. 100.915.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Use the same formula as in the previous problem, but remember that if the value at one node exceeds the call price, then the call price should be used for that node. In this case, the value at the lower node would be 108 / 1.06983 = 100.951; The assumption is that the bond would be called at the call price one year from now, or 100.
V = 0.5 x (99.512 + 8) /1.0725 + 0.5 x (100 + 8) /1.0725
V= 50.122 + 50.350 = 100.472
(Study Session 14, LOS 54.d)
NEW QUESTION: 3
You are a data engineer. You are designing a Hadoop Distributed File System (HDFS) architecture. You plan to use Microsoft Azure Data Lake as a data storage repository.
You must provision the repository with a resilient data schema. You need to ensure the resiliency of the Azure Data Lake Storage. What should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Box 1: NameNode
An HDFS cluster consists of a single NameNode, a master server that manages the file system namespace and regulates access to files by clients.
Box 2: DataNode
The DataNodes are responsible for serving read and write requests from the file system's clients.
Box 3: DataNode
The DataNodes perform block creation, deletion, and replication upon instruction from the NameNode.
Note: HDFS has a master/slave architecture. An HDFS cluster consists of a single NameNode, a master server that manages the file system namespace and regulates access to files by clients. In addition, there are a number of DataNodes, usually one per node in the cluster, which manage storage attached to the nodes that they run on. HDFS exposes a file system namespace and allows user data to be stored in files. Internally, a file is split into one or more blocks and these blocks are stored in a set of DataNodes. The NameNode executes file system namespace operations like opening, closing, and renaming files and directories. It also determines the mapping of blocks to DataNodes. The DataNodes are responsible for serving read and write requests from the file system's clients. The DataNodes also perform block creation, deletion, and replication upon instruction from the NameNode.
References:
https://hadoop.apache.org/docs/r1.2.1/hdfs_design.html#NameNode+and+DataNodes
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