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NEW QUESTION: 1
Which of the following statements are true in respect of a fixed income portfolio:
I. A hedge based on portfolio duration is valid only for small changes in interest rates and needs periodic readjusting II. A duration based portfolio hedge can be improved by making a convexity adjustment III. A long position in bonds benefits from the resulting negative convexity IV. A duration based hedge makes the implicit assumption that only parallel shifts in the yield curve are possible
A. I, II and IV
B. II and IV
C. I and IV
D. I and II
Answer: A
Explanation:
Explanation
A hedge based on portfolio duration alone makes the assumption that the price/yield relationship is linear, and ignores the convexity or non-linearity of the price/yield relationship. As prices change beyond small changes, the non-linear effect kicks in, which can be offset by making a convexity adjustment to the hedge. Therefore statements I and II are correct.
Statement III is incorrect - negative convexity has an adverse effect on bond prices regardless of whether prices rise or fall.
Statement IV is correct, a bond hedge based on duration alone may be mismatched along the yield curve (eg, hedging a 10 year maturity bond with a 3 year futures contract, even though of identical total durations), which is based upon the implicit assumption that all rates will move together (ie parallel shifts).

NEW QUESTION: 2
You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You want to get the trend of the Business data range. For this purpose, you want to use trendlines in the chart.
Which of the following steps will you take to apply the trendlines in the chart? Each correct answer represents a part of the solution. Choose all that apply.
A. Clear the check box of any Trendline fields to disconnect a slicer.
B. Click the Insert Trendline arrow, and then click Trendline Connections on the Options tab in the Sort & Filter group.
C. Select the type that you want from Trendline options.
D. Select a chart and then navigate to the Chart Tools Layout tab.
Answer: C,D
Explanation:
Explanation/Reference:
References: https://support.office.com/en-us/article/add-a-trend-or-moving-average-line-to-a-chart- fa59f86c-5852-4b68-a6d4-901a745842ad?ui=en-US&rs=en-US&ad=US

NEW QUESTION: 3
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You have the following C# code. (Line numbers are included for reference only.)

You need the foreach loop to display a running total of the array elements, as shown in the following output.
1
3
6
10
15
Solution: You insert the following code at line 02:

Does this meet the goal?
A. Yes
B. No
Answer: B

NEW QUESTION: 4
Despite their many differences of temperament and of literary perspective, Emerson, Thoreau, Hawthorne, Melville, and Whitman share certain beliefs. Common to all these writers is their humanistic perspective. Its basic premises are that humans are the spiritual center of the universe and that in them alone is the clue of the nature, history and ultimately the cosmos itself. Without denying outright the existenced either of a deity or of brute matter, this perspective nevertheless rejects them as exclusive principles of interpretation and prefers to explain humans and the world in terms of humanity itself. This preference is expressed most clearly in the Transcendentalist principle that the structure of the universe literally duplicates the structure of the individual self: therefore, all knowledge begins with self-knowledge.
This common perspective is almost always universalized. Its emphasis is not upon the individual as a particular European or American, but upon the hyuman as universal, freed from the accidents of time, space, birth and talent. Thus, for Emerson, the "American Scholar" turns out to be simply "Main Tinking"; while, for Whitman, the "Song of Myself" merges imperceptibly into a song of all the "children of Adam:," where "every atom belonging to me as good belongs to you." Also common to all five writers is the belief that individual virtue and happiness depends upon the self-realization, which, in turn, depend upon the harmonious reconciliation of two universal psychological tendencies: first, the self-asserting impulse of the individual to withdraw; to remain unique and separate, and to be responsible only to himself or herself, and second, the self-transcending impulse of the individual to embrace the whole world in the experience of a single moment and to know and become one with that world. These conflicting impulses can be seen in the democratic ethic. Democracy advocates individualism, he preservation of the individual's free-dom and self-expression. But the democratic self is torn between the duty to self, which is implied by the concept of liberty, and the duty to society, which is implied by the concept of equality and fraternity.
A third assumption common to the five writers is that intuition and imagination offer a surer road to truth than does abstract logic or scientific method. It is illustrated by their emphasis upon the introspection-their belief that the clue to external nature is to be found in the inner world of individual psychology and by their interpretation of experience as, in essence, symbolic. Both these stresses presume an organic relationship between the self and the cosmos of which only intuition and imagination can properly take account. These writers' faith in the imagination and in themselves as practitioners of imagination led them conceive of the writer as a seer and enabled them to achieve supreme confidence in their own moral and metaphysical insights.
The author discusses "the democratic ethic" in order to
A. supports the notion that the self contains two conflicting and reconcilable factions.
B. illustrate the relationship between the self's desire to be individual and its desire to merge with all other selves
C. Give an example of the idea that, in order to be happy, the self must reconcile its desires with external reality
D. explain the relationship between external experience and inner imagination
E. EIaborate on the concept that the self constantly desires to realize its potential
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Topic 2, Sentence Correction