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NEW QUESTION: 1
Jerry Sanders, CFA, has been asked to analyze the 20-year bonds of Marietta Tech, Inc., which are currently being held in a corporate bond portfolio managed by a colleague, and to recommend whether the bonds should be sold or held. The bonds currently have a yield spread of 1.55% over Treasuries.
Marietta Tech, Inc. designs, manufactures, and markets specialty trucks and truck bodies mounted on new truck chassis produced by others, including concrete mixers, refuse bodies, fire and emergency vehicles, defense trucks, cut-away and dry freight van bodies, refrigerated units, stake bodies, and other specialized trucks. Marietta also manufactures fiberglass wind deflectors, armored trucks, shuttle buses, and cargo vans. Marietta's customers are located in the United States and Canada.
Exhibit 1: Selected Financial Data for Marietta Tech, Inc. (in thousands of $)


At lunch Sanders discusses the credit analysis of various types of bonds with Elizabeth Yan, who was just hired as a bond analyst. Yan makes the following statements:
Statement 1: An analysis of the issuer's business and operating risks is important to the analysis of corporate bond credit risk but not important for the credit analysis of asset backed securities (ABS).
Statement 2: The unique bond covenants in a municipal bond's trust indenture require an additional level of credit analysis not necessary in a corporate credit analysis.
Jerry Sanders, CFA, has been asked to analyze the 20-year bonds of Marietta Tech, Inc., which are currently being held in a corporate bond portfolio managed by a colleague, and to recommend whether the bonds should be sold or held. The bonds currently have a yield spread of 1.55% over Treasuries.
Marietta Tech, Inc. designs, manufactures, and markets specialty trucks and truck bodies mounted on new truck chassis produced by others, including concrete mixers, refuse bodies, fire and emergency vehicles, defense trucks, cut-away and dry freight van bodies, refrigerated units, stake bodies, and other specialized trucks. Marietta also manufactures fiberglass wind deflectors, armored trucks, shuttle buses, and cargo vans. Marietta's customers are located in the United States and Canada.
Exhibit 1: Selected Financial Data for Marietta Tech, Inc. (in thousands of $)

At lunch Sanders discusses the credit analysis of various types of bonds with Elizabeth Yan, who was just hired as a bond analyst. Yan makes the following statements:
Statement 1: An analysis of the issuer's business and operating risks is important to the analysis of corporate bond credit risk but not important for the credit analysis of asset backed securities (ABS).
Statement 2: The unique bond covenants in a municipal bond's trust indenture require an additional level of credit analysis not necessary in a corporate credit analysis.
Are Statement 1 and Statement 2 made by Yan correct?
A. Neither statement is correct.
B. Only one of the statements is correct.
C. Both statements arc correct.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Both of Yan's statements are correct. The two most important factors in an analysis of a corporate issuer are the capacity to pay (particularly a cash Bow analysis) and the corporate governance structure. This requires an analysis of the issuers business and operating risks {e.g. profitability, solvency, and leverage).
However, there arc no business or operating risks to assess with an ABS. Instead the emphasis is on the quality of the collateral that backs the ABS, particularly the collateral's capacity ro generate cash flow to meet the repayment obligations of each tranche under various scenarios of default and delinquency experience.
The analysis of municipal tax-backed and revenue bonds is simitar to that of corporate issuers. The only important difference in the analysis of municipal bonds is that the rate covenants and priority-of-revenue claims clause are unique to the trust indenture of municipal revenue bonds, so they require an additional level of analysis not necessary with corporate bonds. (Study Session 14, LOS 51.e,h,j)

NEW QUESTION: 2
SIP secured communications appear to fail. You ask the networking team to check that the correct ports are open.
Which port is not required for SIP secured communications?
A. 0
B. 1
C. 2
D. 3
Answer: B

NEW QUESTION: 3
Sie haben ein Microsoft 365-Abonnement und einen Microsoft Azure Active Directory-Mandanten (Azure AD) mit dem Namen contoso.com. Contoso.com enthält die in der folgenden Tabelle aufgeführten Benutzer.

Contoso.com ist wie in der folgenden Abbildung gezeigt konfiguriert.

Sie müssen sicherstellen, dass Gastbenutzer im Mandanten erstellt werden können.
Welche Einstellung solltest du ändern?
A. Einladungen zu den angegebenen Domänen ablehnen
B. Gastbenutzer-Berechtigungen sind begrenzt.
C. Mitglieder können einladen.
D. Administratoren und Benutzer in der Gasteinladerolle können einladen.
E. Gäste können einladen.
Answer: D
Explanation:
Explanation
The setting "Admins and users in the guest inviter role can invite" is set to No. This means that no one can create guest accounts because they cannot 'invite' guests. This setting needs to be changed to Yes to ensure that guest users can be created in the tenant.
Reference:
https://docs.microsoft.com/en-us/azure/active-directory/b2b/delegate-invitations
https://docs.microsoft.com/en-us/azure/active-directory/fundamentals/users-default-permissions

NEW QUESTION: 4
Refer to Exhibit.

An administrator increases the cluster RF to 3. The containers are not modified.
What will the new values in the data resiliency dashboard be for FAILURES TOLERABLE for the Zookeeper and Extent Groups components?
A. Zookeeper = 1 and Extent Groups = 2
B. Zookeeper = 1 and Extent Groups = 1
C. Zookeeper = 2 and Extent Groups = 1
D. Zookeeper = 2 and Extent Groups = 2
Answer: A

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