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  • Vendor : SASInstitute
  • Certifications : SAS Institute Systems
  • Exam Name : SAS 9.4 Base Programming - Performance-based exam
  • Exam Code : A00-231
  • Total Questions : 376 Q&As
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    NEW QUESTION: 1
    Azure 가상 컴퓨터에 적합한 크기를 식별해야 합니다.
    어떤 5 가지 동작을 순서대로 수행해야 합니까? 응답하려면 적절한 조치를 조치 목록에서 응답 영역으로 이동하고 올바른 순서로 정렬하십시오.

    Answer:
    Explanation:

    Explanation

    References:
    https://docs.microsoft.com/en-us/azure/migrate/tutorial-assessment-vmware

    NEW QUESTION: 2
    Which four are true about duplicating a database using Recovery Manager (RMAN)? (Choose four.)
    A. Duplication can be done by having the target database instance push copies to the auxiliary database instance.
    B. A connection to an auxiliary instance is always required.
    C. A new DBID is always created for the duplicated database.
    D. A subset of the target database can be duplicated.
    E. A connection to the recovery catalog instance is always required.
    F. A backup of the target database is always required.
    G. Duplication can be done by having the auxiliary database instance pull backup sets from the target database instance.
    H. A connection to the target database instance is always required.
    Answer: A,B,D,G
    Explanation:
    Explanation
    A duplicate database is a copy of your target database. With the FOR STANDBY clause, it keeps the same unique database identifier(DBID); If FOR STANDBY not specified it creates a new DBID. The duplicate database can include the same content or only a subset from the source database. It can be in the same host or a separate host. The principal work of the duplication is performed by the auxiliary channels.These channels correspond to a server session on the auxiliary instance on the destination host for backup based duplication.
    For active database duplication the target channels perform the work of pushing data file copies to the auxiliary instance (if number of allocated target channels is greater than the number of allocated auxiliary channels).

    NEW QUESTION: 3

    ????????????

    A. Option C
    B. Option E
    C. Option D
    D. Option A
    E. Option B
    Answer: B,C

    NEW QUESTION: 4
    Joan Nicholson, CFA, and Kim Fluellen, CFA, sit on the risk management committee for Thomasville Asset Management. Although Thomasville manages the majority of its investable assets, it also utilizes outside firms for special situations such as market neutral and convertible arbitrage strategies. Thomasville has hired a hedge fund, Boston Advisors, for both of these strategies. The managers for the Boston Advisors funds are Frank Amato, CFA, and Joseph Garvin, CFA. Amato uses a market neutral strategy and has generated a return of S20 million this year on the $100 million Thomasville has invested with him. Garvin uses a convertible arbitrage strategy and has lost $15 million this year on the $200 million Thomasville has invested with him, with most of the loss coming in the last quarter of the year. Thomasville pays each outside manager an incentive fee of 20% on profits. During the risk management committee meeting Nicholson evaluates the characteristics of the arrangement with Boston Advisors. Nicholson states that the asymmetric nature of Thomasville's contract with Boston Advisors creates adverse consequences for Thomasville's net profits and that the compensation contract resembles a put option owned by Boston Advisors.
    Upon request, Fluellen provides a risk assessment for the firm's large cap growth portfolio using a monthly dollar VAR. To do so, Fluellen obtains the following statistics from the fund manager. The value of the fund is $80 million and has an annual expected return of 14.4%. The annual standard deviation of returns is
    21.50%. Assuming a standard normal distribution, 5% of the potential portfolio values are 1.65 standard deviations below the expected return.
    Thomasville periodically engages in options trading for hedging purposes or when they believe that options are mispriced. One of their positions is a long position in a call option for Moffett Corporation. The option is a European option with a 3-month maturity. The underlying stock price is $27 and the strike price of the option is $25. The option sells for S2.86. Thomasville has also sold a put on the stock of the McNeill Corporation. The option is an American option with a 2-month maturity. The underlying stock price is $52 and the strike price of the option is $55. The option sells for $3.82. Fluellen assesses the credit risk of these options to Thomasville and states that the current credit risk of the Moffett option is $2.86 and the current credit risk of the McNeill option is $3.82.
    Thomasville also uses options quite heavily in their Special Strategies Portfolio. This portfolio seeks to exploit mispriced assets using the leverage provided by options contracts. Although this fund has achieved some spectacular returns, it has also produced some rather large losses on days of high market volatility.
    Nicholson has calculated a 5% VAR for the fund at $13.9 million. In most years, the fund has produced losses exceeding $13.9 million in 13 of the 250 trading days in a year, on average. Nicholson is concerned about the accuracy of the estimated VAR because when the losses exceed $13.9 million, they are typically much greater than $13.9 million.
    In addition to using options, Thomasville also uses swap contracts for hedging interest rate risk and currency exposures. Fluellen has been assigned the task of evaluating the credit risk of these contracts.
    The characteristics of the swap contracts Thomasville uses are shown in Figure 1.

    Fluellen later is asked to describe credit risk in general to the risk management committee. She states that cross-default provisions generally protect a creditor because they prevent a debtor from declaring immediate default on the obligation owed to the creditor when the debtor defaults on other obligations.
    Fluellen also states that credit risk and credit VAR can be quickly calculated because bond rating firms provide extensive data on the defaults for investment grade and junk grade corporate debt at reasonable prices.
    Evaluate Fluellen's comments to the risk management committee on credit risk in general. Fluellen is:
    A. correct.
    B. incorrect, because a lack of critical data makes the estimation of credit risk and credit VAR difficult.
    C. incorrect, because cross-default provisions are intended to protect the debtor in the event of default.
    Answer: B
    Explanation:
    Explanation/Reference:
    Explanation:
    Fluellen was incorrect when she said that cross-default provisions prevent debtors from defaulting on one obligation when they default on others. Cross-default-provisions can be to the detriment of the debtor because the provisions state chat if a debtor is in default on one contract, they are in default on all of them.
    So if a debtor defaults on a contract to a third party, the contract with the first creditor is declared in default.
    These provisions are common in derivative-based credit contracts so that creditors can limit their losses.
    Fluellen is incorrect regarding the calculation of credit risk and credit VAR. Credit risk and credit VAR are difficult to estimate due to the lack of historical default data, the inability to determine the correlations between different credit events, and the inability to forecast recovery rates. (Study Session 14, LOS 40. i)


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