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NEW QUESTION: 1
A company needs to automatically delete sensitive information after 7 years. This could delete almost a million records every day.
How can this be achieved?
A. Perform a SOSL statement to find records older than 7 years, and then delete the entire result set.
B. Use aggregate functions to query for records older than 7 years, and then delete the AggregateResult objects.
C. Schedule a batch Apex process to run every day that Queries and deletes records older than 7 years.
D. Schedule an ©future process to Query records older than 7 years, and then recursively invoke itself in 1,000 record batches to delete them.
Answer: C

NEW QUESTION: 2
A borrower pays a floating rate on a loan and wishes to convert it to a position where a fixed rate is paid.
Which of the following can be used to accomplish this objective?
I. A short position in a fixed rate bond and a long position in an FRN
II. An long position in an interest rate collar and long an FRN
III. A short position in a fixed rate bond and a short position in an FRN IV. An interest rate swap where the investor pays the fixed rate
A. None of the above
B. II and III
C. I, II and IV
D. I and IV
Answer: C
Explanation:
Explanation
A short position in a fixed rate bond and a long position in an FRN has the effect of paying fixed and receiving floating. The floating received offsets the floating payment on the borrowing, leaving the borrower with just a fixed rate outflow. Therefore the combination identified in statement I can be used to achieve the objective of paying fixed.
A collar is equivalent to a long position in an interest rate cap combined with a short position in an interest rate floor. This has the effect of setting a range within which the investor's borrowing rate will vary. In the case where the cap and floor rates are the same, the combination of a collar and a long FRN effectively produces an outcome where the holder of such positions pays a fixed rate. Therefore, an interest rate collar can be used to convert the fixed payment to a floating rate payment. [Example: Assume current interest rate is 3%, and therefore the borrower has a liability of 3% on the FRN. Assume that the borrower now buys a collar at the strike rate of 4%. Now the borrower receives 0% (=Max(3 % - 4%, 0)) on the cap part of the collar, and pays 1% on the floor part of the collar (=Max(4% - 3%, 0)). The net borrowing cost therefore is 3% paid on the FRN plus 1% paid on the collar, equal to 4%. Now if interest rates rise to say 6%, the borrower pays 6% on the FRN, and receives 2% from the collar (=Max(6% - 4%, 0) - Max(4% - 6%, 0)), creating a net cost of 6% - 2% = 4%.
A collar is often issued with an FRN to convert floating flows to fixed. Therefore combination II is an acceptable choice.
A short position in a fixed rate bond and a short position in an FRN produces a cash flow that does not produce a net fixed cash outflow when combined with the borrowing. Therefore statement III is not a valid combination.
An interest rate swap where the investor pays fixed and receives floating, when combined with a floating payment on an FRN leaves a net fixed payment, Therefore statement IV is a valid way to achieve the borrower's objective.

NEW QUESTION: 3
Which option describes a limitation of LLDP?
A. LLDP does not support TLVs.
B. LLDP can discover up to two devices per port.
C. LLDP cannot provide information about VTP.
D. LLDP can discover only Windows servers.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
LLDP Versus Cisco Discovery Protocol TLV Comparison

Reference: http://www.cisco.com/en/US/technologies/tk652/tk701/
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