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NEW QUESTION: 1
Welche der folgenden Abläufe ist typisch für den Verkauf von Produkten ab Lager?
Bitte wählen Sie die richtige Antwort.
A. Bestellanforderung -> Lieferung / Transport -> Mahnung und Zahlung -> Fakturierung
B. Auftragseingang -> Wareneingang / Transport -> Mahnwesen und Zahlung -> Fakturierung
C. Bestellanforderung -> Fakturierung -> Transport- / Wareneingang -> Mahnung und Zahlung
D. Auftragseingang -> Transport / Lieferung -> Fakturierung -> Mahnung und Zahlung
Answer: D

NEW QUESTION: 2
Refer to the exhibit. Which statement is true?

A. Users on the 10.0.0.0/8 network can successfully ping users on the 192.168.5.0/24 network, but users on the
192.168.5.0/24 cannot successfully ping users on the 10.0.0.0/8 network.
B. Traffic from the 172.16.0.0/16 network will be blocked by the ACL.
C. The 10.0.0.0/8 network will not be in the routing table on Router B.
D. Router B will not advertise the 10.0.0.0/8 network because it is blocked by the ACL.
E. The 10.0.0.0/8 network will not be advertised by Router B because the network statement for the 10.0.0.0/8
network is missing from Router B.
Answer: D

NEW QUESTION: 3
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.
Are Hayes's statements to the Parker officers regarding the performance of mortgages correct?
A. No, market directional refers to the direction of credit spreads.
B. Yes, they are correct.
C. No, investors will avoid mortgages when rates are expected to fall.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Hayes is incorrect. Market directional refers to the fact that investors will typically avoid mortgages when rates are expected to fall because other fixed income instruments will outperform mortgages. This is due to the negative convexity of mortgages where their prices rise but at a decreasing rate when interest rates fall due to the prepayment option that the homeowner holds. Other fixed income instruments will have positive convexity and larger price increases when rates are expected to fall.
Note, however, that properly hedged, the investor need not shun mortgages when rates fall if the investor deems a mortgage to be undervalued. Thus, mortgages need not be marker directional investments.
(Study Session 10, LOS 32.a)

NEW QUESTION: 4
You Wave an Acme Directory forest named contoso.com.
You install and configure Azure AD Connect to use password hath synchronization as the single sign-on (SSO) method Staging mode is enabled You review the synchronization results and discover that the Synchronization Service Manager does not display any sync jobs.
You need to ensure that the synchronization completes successfully.
What should you do?
A. From Synchronization Service Manager, run a full import
B. Run Azure AD Connect and set the SSO method to Pass-through Authentication
C. Run Azure AD Connect and disable staging mode._
D. From Azure PowerShell, run Start-AdSyncCycle -PolicyType initial.
Answer: C
Explanation:
In staging mode, the server is active for import and synchronization, but it does not run any exports. A server in staging mode is not running password sync or password writeback, even if you selected these features during installation. When you disable staging mode, the server starts exporting, enables password sync, and enables password writeback.
Reference:
https://docs.microsoft.com/en-us/azure/active-directory/hybrid/how-to-connect-sync-staging-server
https://docs.microsoft.com/en-us/azure/active-directory/hybrid/how-to-connect-sync-operations