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A bond is trading at the ex-coupon transaction price which is 99-7/32 for a semi-annual pay, 9-5/8% coupon bond. 4.0 months have elapsed since the last coupon. What is the accrued interest for the buyer for $2,750,000 par value of this bond?
A. $0
B. $110,286
C. $88,229
Answer: A
Explanation:
The designation "ex-coupon" indicates that the bond buyer does not receive the next coupon payment. The bond seller is entitled to the entire coupon payment. Consequently, there is no accrued interest for the buyer for this transaction.
What is a benefit of using TimeFinder SnapVX?
A. High impact point-in-time copies
B. Orphaned snapshots
C. Fan-in for efficiency
D. No logical volume number is used
Answer: A
What are you required to do before running the command upgrade_export?
A. Close all GUI clients
B. Run cpconfig and set yourself up as a GUI client
C. Run a cpstop on the Security Gateway
D. Run a cpatop on the Security Management Server
Answer: A
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