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NEW QUESTION: 1
Which of the following description is correct about the sort of the call setup process for L2TP corridors?
1. L2TP tunnel
2. PPP connection
3. LNS authenticates users
4. Users access intranet resources
5. Establish an L2TP session
A. 1->2->3->5->4
B. 2->3->1->5->4
C. 1->5->3->2->4
D. 2->1->5->3->4
Answer: C

NEW QUESTION: 2
Michael Thomas, CFA, is a fixed-income portfolio manager for TFC Investments. As part of his portfolio strategy for the Prosperity Fund, Thomas searches for companies that he expects to be upgraded or downgraded. Those potential upgrades he finds are added to the portfolio or if already in the portfolio are increased in proportion to other holdings before the upgrade takes place. Potential downgrades are sold from the portfolio before the downgrade takes place. Thomas is evaluating his portfolio's current holdings which include several bonds issued by companies in the oil and gas exploration and refining industries.
Year-end rating updates are expected to occur in a few days and Thomas is preparing to adjust his portfolio based on expected changes in credit ratings. He has assembled the following annual data on four of the oil and gas stocks in the portfolio:
Exhibit: 1

Thomas has been discussing his fixed-income strategies with a fellow portfolio manager, Shawna Reese.
Reese has indicated that while his initial approach is good, the overall credit analysis strategy could be improved and has made the following suggestions to Thomas for both the Prosperity Fund and other fixed- income funds he manages:
The current methodology does not consider special issues related to high-yield debt which makes up approximately 5% of the Prosperity Fund. Because most high-yield issuers have such a heavy dependence on short-term debt financing, analysis of the firm's debt structure will be extremely important to determine the priority of claims on the firm's assets as well as what source(s) of funds will be used to repay the principal. In addition, the corporate structure of high-yield issuers must be examined to determine the issuer's access to cash flows generated by its subsidiaries. A simple analysis of the parent's financial ratios will not reveal complicated corporate structures and indebtedness of subsidiaries that may restrict the issuer's ability to obtain the cash flows necessary to service its debt.
The current methodology as applied to the Municipal Opportunities Fund does not include the necessary specialized analysis for municipal securities. Among other items, tax-backed munis must be scrutinized as to the issuer's ability to maintain balanced budgets as well as to ensure that the issue has first priority of claims to revenue from public works projects. Revenue-backed munis require an assessment of the sufficiency of rate covenants to cover expenses and debt servicing of the underlying project as well as the ability for other government entities to access the revenues generated by the enterprise before they are passed on to revenue bondholders.
As part of his portfolio analysis, Thomas also examines yield volatility. Thomas makes the following statements:
Statement 1: Implied yield volatility estimates are based on the assumptions that the option pricing model is correct and that volatility is constant.
Statement 2: Yield volatility has been observed to follow patterns over time that can be modeled and used to forecast future volatility.
He concludes his analysis by comparing the swap rate curve to a government bond yield curve as a benchmark.
Evaluate Reese's statements about high-yield debt securities with respect to the issuer's debt structure and corporate structure.
A. Reese is correct only with regard to the corporate structure of the issuer.
B. Reese is correct only with regard to the issuer's debt structure.
C. Both of Reese's statements are correct.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Reese's first statement is correct. High-yield issuers generally depend heavily on short-term bank debt as it is difficult for them to obtain long-term financing. Because of the short-term nature of bank debt and its priority of claim to zsscts over existing bondholders, a careful examination of the issuer's debt structure is necessary. Reese's second statement is also correct. High-yield issuers usually have a holding company structure requiring cash flows from its subsidiaries to pay the interest and principal on its debt issues. If the subsidiaries have their own debt obligations to service and if the corporate structure is so complex that cash flow between subsidiaries and the parent company are restricted, it will be difficult for the parent issuer to obtain funds to pay interest and principal when due. (Study Session 14, LOS 51-0

NEW QUESTION: 3
A consumer invokes a synchronous request/response but the service only supports asynchronous request/response. Which service infrastructure capability resolves the differences between the invocations of the consumer and provider?
A. Service Routing
B. Message Exchange Pattern Mediation
C. Transport Mediation
D. Transformation Mediation
E. Dynamic Binding
Answer: A

NEW QUESTION: 4
You need to develop and run some new applications on AWS and you know that Elastic Beanstalk and CloudFormation can both help as a deployment mechanism for a broad range of AWS resources.
Which of the following is TRUE statements when describing the differences between Elastic Beanstalk and CloudFormation?
A. Elastic Beanstalk supports AWS CloudFormation application environments as one of the AWS resource types.
B. Elastic Beanstalk automates and simplifies the task of repeatedly and predictably creating groups of related resources that power your applications. CloudFormation does not.
C. You can design and script custom resources in CloudFormation
D. AWS Elastic Beanstalk introduces two concepts: The template, a JSON or YAML-format, text- based file
Answer: C
Explanation:
Explanation/Reference:
Explanation:
These services are designed to complement each other. AWS Elastic Beanstalk provides an environment to easily deploy and run applications in the cloud. It is integrated with developer tools and provides a one- stop experience for you to manage the lifecycle of your applications. AWS CloudFormation is a convenient provisioning mechanism for a broad range of AWS resources. It supports the infrastructure needs of many different types of applications such as existing enterprise applications, legacy applications, applications built using a variety of AWS resources and container-based solutions (including those built using AWS Elastic Beanstalk). AWS CloudFormation supports Elastic Beanstalk application environments as one of the AWS resource types. This allows you, for example, to create and manage an AWS Elastic Beanstalk- hosted application along with an RDS database to store the application data. In addition to RDS instances, any other supported AWS resource can be added to the group as well.
https://aws.amazon.com/cloudformation/faqs