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NEW QUESTION: 1
Callable corporate bonds:
A. are more convex than their non-callable counterparts
B. are generally called when their prices have fallen below the issuance price
C. need to be priced lower than non-callable bonds to make them attractive to investors
D. generally yield less than non-callable bonds due to the call feature
Answer: C
Explanation:
Explanation
Callable corporate bonds need to be priced lower and therefore yield more to investors as they are likely to be called by the issuer when interest rates fall and the issuer finds it attractive to refinance the debt using new cheaper debt.
They are most unlikely to be called when their prices have fallen because falling prices indicate higher rates, which means the issuer is able to fund himself at a cheaper rate.
Because of their callable feature, they are less convex and may actually carry negative convexity.
Therefore Choice 'b' is the only correct statement and the right answer.

NEW QUESTION: 2
The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls?
A. Initiate two planned assessments, one for each control.
B. Perform impromptu assessments for the two controls.
C. Initiate a planned assessment and include the two controls as part of the same assessment.
D. Enable impromptu assessments during configuration of module objects.
E. Initiate a planned assessment that includes all controls assigned to perspective P2P.
Answer: C,E

NEW QUESTION: 3
Which two statements are true about route-based VPNs? (Choose two.)
A. system services ike must be enabled on the st0.x interface.
B. The from-zone and to-zone, for a security policy to permit traffic over a route-based
VPN, are derived from the zone in which the protected network lies and the zone in which the IKE interface lies.
C. You cannot re-write the DSCP bits on the inner IP header of an ESP packet that was created or forwarded using a route-based VPN.
D. Route-based VPNs cannot be used to configure remote access or dialup VPNs.
Answer: C,D