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NEW QUESTION: 1
You administer a database that is used for reporting purposes. The database has a large fact table that contains three hundred million rows. The table includes a clustered columnstore index and a nonclustered index on the ProductID column. New rows are inserted into the table every day.
Performance of queries that filter the Product ID column have degraded significantly.
You need to improve the performance of the queries.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
Step 1: Drop the clustered columnstore index
Step 2: Create a clustered rowstore index on ProductID.
Rowstore indexes perform best on queries that seek into the data, searching for a particular value, or for queries on a small range of values. Use rowstore indexes with transactional workloads since they tend to require mostly table seeks instead of table scans.
Step 3: Create a nonclustered index on ProductID
NEW QUESTION: 2
A customer has a SONAS solution and is using Tivoli Storage Manager HSM. The customer wants to integrate SONAS with HSM to migrate low-use data to a tape-based storage platform.
Which action is needed for this integration project?
A. validate the readability of the data against the metadata
B. obtain the client licenses based on the number of SONAS interface nodes
C. install the client side software on the SONAS
D. create a TSM DB Backup to send off-site on tape media
Answer: A
NEW QUESTION: 3
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:
Indicate whether the statements made by Diffle in his memo regarding the value of the embedded option and the effect of the volatility assumption are correct.
A. Both statements are correct.
B. Only the statement regarding the effect of the volatility assumption is correct.
C. Only the statement regarding the value of the embedded option is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Statement 1 is correct. The value of the option would be the difference between the value calculated with no call feature (the Bratton bonds) and the value calculated assuming the bond is callable (the Hardin bonds). Recall that the vignette stated the Bratton and Hardin bonds were identical except for the call feature in the Hardin bonds. The option value would therefore be: 100.915 - 100.472 = 0.443. Statement 2 is also correct. Increased volatility would increase the value of the option, thus lowering the value of the callable bond. (Study Session 14, LOS 54.e,f)
NEW QUESTION: 4
Cloud Kicks recently started using Sales Cloud and hosts its business website outsite of Salesforce. On its website, Cloud Kicks has a lead generation web page. The VP of Sales wants the Leads captured in its self-hosted website to be reflected in Salesforce. What should Consultant reccomend?
A. Implement Web-to-Lead to create Leads in Salesforce from the Cloud Kicks website.
B. Implement the SOAP web service API to send Leads from the Cloud Kicks website to Salesforce.
C. Implement the REST web service API to send Leads from the Cloud Kicks website to Salesforce.
D. Implement Salesforce Connect to create Leads in Salesforce from the Cloud Kics website.
Answer: A
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