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NEW QUESTION: 1
Rich Quick is a broker-dealer registered in the state of Massachusetts. He occasionally trades on
abnormalities he observes in bond yield spreads for his own account, short selling a bond that appears to
be overpriced based on its yield and buying a bond that is identical in almost every respect except for the
price, which is less than that of the other bond. He has been able to earn arbitrage profits 95% of the time
when he does this. Rich Quick
A. is in violation of securities laws. Arbitrage is a prohibited activity.
B. is trading on insider information, which is a violation of securities laws.
C. engaged in a fraudulent activity.
D. is skilled if he is able to earn profits 95% of the time using this strategy.
Answer: D
Explanation:
If Rich Quick is able to earn profits 95% of the time by trading on abnormalities he observes
in bond yield spreads, he is skilled. There is nothing illegal in what he is doing. Arbitrageurs attempt to
earn profits when they observe what they believe to be mispriced securities, and this is an accepted
activity. Rich is not using insider information; bond yields are publicly available information.
NEW QUESTION: 2
The "sample" table consists of the following data:
How many rows are returned by executing the following SQL statement? SELECT * FROM
sample WHERE v ~ 'ab';
A. 2 rows
B. 0 rows
C. 3 rows
D. 1 row
E. 4 rows
Answer: A
NEW QUESTION: 3
A server technician is updating the operating system on a server. Currently, the server is running the following services:
DHCP
WINS
DNS
HTTP
The updated server will be used to allow clients to access Web services, resolve host names to IP addresses for mobile iOS clients, and provide network access to thin clients running a Linux operating system. Which of the following services can be removed?
A. DNS
B. HTTP
C. WINS
D. DHCP
Answer: C