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NEW QUESTION: 1
[According to the PRMIA study guide for Exam 1, Simple Exotics and Convertible Bonds have been excluded from the syllabus. You may choose to ignore this question. It appears here solely because the Handbook continues to have these chapters.] The use of numerical pricing methods over analytical methods for valuing exotic options is resorted to allow for which of the following reasons:
I. Efficient valuation
II. Allowing for stochastic volatility
III. Accommodating discontinuous asset prices
IV. Allowing for complex payoffs
A. I, II and III
B. I, II, III and IV
C. I
D. II, III and IV
Answer: D
Explanation:
Explanation
Analytical methods are more 'efficient' than numerical methods in terms of computing power required, consistency of results and providing clarity on the inputs driving the results. Therefore 'efficient valuation' is not a reason to adopt numerical pricing methods over analytical methods.
It is much easier to incorporate changing stochastic volatility, discontinuous asset prices or other complex payoffs using numerical pricing methods. So these certainly represent good reasons to use numerical pricing methods for valuing exotics.
Therefore Choice 'b' is the correct answer.
NEW QUESTION: 2
Which are benefits of binary reuse (compiling once and reusing the built artifact across the rest of the pipeline)? Choose 3 answers
A. guarantees the same source is tested in each environment
B. ensures a single version b used throughout the pipeline
C. allows a shorter cycle time
D. enables selectively linking stubs and real classes representing an external interface
E. allows the inclusion of environment configurations into the artifact
Answer: A,B,E
NEW QUESTION: 3
You have a server that has a full deployment of Dynamics CRM 2015.
You need to manage the deployment by using Windows PowerShell.
You open Windows PowerShell on the server.
Which cmdlet should you run first?
A. Update-CrmOrganization
B. Add-CrmServer
C. Get-CrmOrganization
D. Add-PSSnapin
Answer: D
Explanation:
In order to use the cmdlets you must be a Deployment Administrator and must first register the Microsoft.Crm.Powershell snap-in using the following command-line command:
Add-PSSnapin Microsoft.Crm.Powershell
Incorrect:
*The Get-CrmOrganizations cmdlet returns a list of CRM organizations that the current
user has access to.
*Update-CrmOrganization
Updates the specified Microsoft Dynamics CRM organization with the latest software
updates or upgrades the organization from Microsoft Dynamics CRM 2011 to Microsoft
Dynamics CRM 2013.
*Add-CrmServer
Adds a Microsoft Dynamics CRM server to the specified deployment.