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NEW QUESTION: 1
If the following SQL statements are executed in the order shown:
CREATE TABLE table1 (c1 INTEGER, c2 INTEGER);
INSERT INTO table1 VALUES (123, 456);
UPDATE table1 SET c1 = NULL;
What will be the result of the following statement?
SELECT * FROM table1;
A. C1 C2
-
456
1 record(s) selected.
B. C1 C2
0 456
1 record(s) selected.
C. C1 C2
NULL 456 1 record(s) selected.
D. C1 C2
123 456
1 record(s) selected.
Answer: A



NEW QUESTION: 2
IBM SmartCloud Entry provides multi-tenancy attributes through the use of:
A. Roles of owner, user and viewer to manage images and instances.
B. Projects to provide group membership to images and instances that only members of the project can see and manage.
C. Accounts for enabling the billing operation including a balance, account balance threshold, account members and invoices.
D. The ability to create multiple configurations of a virtual image which can exist in more than one project.
Answer: B



NEW QUESTION: 3
Darlene Mainee owns a portfolio which consists of 3 bonds. What is the duration of the bond portfolio?
A. 7.0552
B. 7.2661
C. 6.6862
Answer: B
Explanation:
This calculation is very similar to a Weighted Average Cost of Capital computation. The first step requires that each bond be assessed for its relative weight in the portfolio. The corresponding weight is then multiplied by the bond's duration which provides the bond's contribution to the overall portfolio duration.
Note: While this problem provides the bond's market value (already computed) it could be left to the candidate to determine on an exam. The bond's market value is simply the bond's price (relative to par) multiplied by the corresponding par value.
The detailed computation follows: Total Market Value of Portfolio = Market value of each bond added together = $1,503,668 + $13,554,769 + $27,385,114 =$42,443,551
Next: Compute the relative weight of each bond in the portfolio. Weight of 6.00%, 2,000,000 par value bond in portfolio (duration of9.07) = Market value of Bond /Market Value of Total Portfolio = 0.035
Weight of 4.50%, 14,700,000 par value bond in portfolio (duration of 2.30)= Market value of Bond /Market
Value of Total Portfolio = 0.319
Weight of 9.00%, 20,000,000 par value bond in portfolio (duration of 9.63) = Market value of Bond /Market
Value of Total Portfolio = 0.645
The portfolio's duration equals the weighted average of each bond's duration multiplied by its weight:
0 .035 * 9.07 + 0.319 * 2.30 + 0.645 * 9.63 = 0.3212 + 0.7332 + 6.2117 = 7.2661




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