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NEW QUESTION: 1
Which of the following statements is (are) true with respect to the usage of the various forms of duration and convexity measures?
I). Holding everything constant, Modified duration will always be higher than Macaulay duration.
II). Both modified duration and Macaulay duration assume that the cash flows from a bond will not be affected by changes in interest rates.
III). If interest rates are low enough, effective duration and modified duration will yield the same results for a callable bond.
IV). When there is increasing likelihood that the issuer will call the bonds, effective convexity should be used as opposed to modified convexity.
A. I and II.
B. II and IV.
C. III and IV.
Answer: B
Explanation:
I is incorrect because modified duration is simply Macaulay duration divided by one plus the periodic yield. Since Macaulay duration is being divided by a factor greater than one, the modified duration will be less than the Macaulay duration.
III is incorrect because if interest rates are low enough, the issuer may actually call the bonds. Thus, effective duration, which takes into account embedded options, will produce results that are very different from that of modified duration.

NEW QUESTION: 2
Identify the Duty role that you need to associate with the Job role to enable the "new supplier request" functionality.
A. Submit supplier registration duty
B. Supplier Self Service clerk duty
C. Supplier sales representative duty
D. Supplier Self Service administrator duty
E. Supplier bidder duty
Answer: A
Explanation:
Explanation
Only registration requests in pending approval status can be edited. The user must be the current approver and have Supplier Registration Management Duty (Edit Supplier Registration Request privilege), or Supplier Profile Management Duty (Access Supplier Workarea Overview privilege) to edit the registration.
https://learn.oracle.com/ols/course/prepare-for-procurement-cloud-implementation-2020-certification/46356/790

NEW QUESTION: 3

A. 75 yards
B. 100 yards
C. 25 yards
D. 50 yards
Answer: C

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