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NEW QUESTION: 1
実行可能プログラムでイベントブロックを明示的にコーディングしない場合、すべてのコード変更が属するイベントブロックは何ですか？正しい答えを選んでください。
A. 選択の開始
B. 選択画面出力時
C. プログラムのロード
D. 初期化
Answer: A

NEW QUESTION: 2
アドレス割り当ての失敗をトラブルシューティングするために、どのコマンドを入力できますか？
A. IP DHCPプールを表示
B. IP DHCPサーバー統計を表示する
C. show ip dhcp import
D. ip dhcpデータベースを表示
Answer: A

NEW QUESTION: 3
Which of the following statements are true?
I. Macaulay duration of a coupon bearing bond is unaffected by changes in the curvature of the yield curve.
II. The numerical value for modified duration will be different for bonds with identical nominal coupons and maturity but different compounding frequencies.
III. When rates are expressed as continuously compounded, modified duration and Macaulay duration are the same.
IV. Convexity is higher for a bond with a lower coupon when compared to a similar bond with a higher coupon.
A. I and IV
B. All statements are correct
C. II and III
D. I, II and III
Answer: C
Explanation:
Explanation
Macaulay duration is the weighted average of the present value of payments received on a bond, weighted by the year in which the payments are received. If the yield curve changes shape, it will change the present values of the coupons and therefore also the Macaulay duration. Statement I is therefore not correct. However, if the bond were to be a zero-coupon bond, changes in the curve will not affect its duration so long as the interest rate at maturity stays constant.
Modified duration = Macaulay Duration/(1 + rate/compounding frequency). Therefore modified duration will change if the compounding frequency changes, assuming the nominal rate of interest for the coupons are identical. Therefore statement II is correct.When rates are expressed as continuously compounded rates, modified duration and Macaulay duration will be identical. This intuitively follows from the formula for modified duration: Modified duration = Macaulay Duration/(1 + rate/compounding frequency). For continuously compounded rates, the compounding frequency approaches infinity, so the denominator approaches 1, leaving modified duration equal to the Macaulay duration. Therefore statement III is correct.
Convexity is higher for a bond that has its payments spread out compared to a bond that has its payments concentrated at a single point in time. For a bond with a higher coupon, the higher coupons have the effect of spreading the present value of the bond over a longer period, when compared to a bond with lower coupons where the payment is comparatively more concentrated at the maturity. Therefore Convexity is higher for a bond with a lower coupon when compared to a similar bond with a higher coupon. Statement IV is not correct.