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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. $88,229
B. $110,286
C. $0
Answer: C
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. Fan-in for efficiency
B. Orphaned snapshots
C. High impact point-in-time copies
D. No logical volume number is used
Answer: C
What are you required to do before running the command upgrade_export?
A. Run cpconfig and set yourself up as a GUI client
B. Close all GUI clients
C. Run a cpatop on the Security Management Server
D. Run a cpstop on the Security Gateway
Answer: B
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