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  • Exam Code: C_C4H460_04
  • Exam Name: SAP Certified Development Associate - SAP Cloud for Customer 2011
  • Version: V12.35
  • Q & A: 78 Questions and Answers

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NEW QUESTION: 1
コードの断片を考えると:

コードを正常にコンパイルするには、どの2つの変更を行う必要がありますか?
A. Replace line 13 with:

B. Replace line 7 with throw IOException ("Exception raised");
C. Replace line 5 with public void printFileContent ( ) throws IOException (
D. At line 14, insert throw new IOException ( );
E. Replace line 11 with public static void main (String [ ] args) throws Exception (
Answer: C,E

NEW QUESTION: 2
All other things being equal, which one of the following bonds has the greatest duration?
A. 5-year, 8% coupon bond.
B. 15-year, 8% coupon bond.
C. 15-year, 12% coupon bond.
D. 5-year, 12% coupon bond.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
If bonds are identical except for maturity and coupon, the one with the longest maturity and lowest coupon will have the greatest duration. The rationale for this is similar to that for price volatility. Duration is approximately equal to the point in years where the investor receives half of the present value of the bond's cash flows. Therefore, the later the cash flows are received, the greater the duration.
The relationship of maturity to duration is direct - the longer the time to maturity, the greater the duration. A longer-term bond pays its cash flows later than a shorter-term bond, increasing the duration. Here, one of the 15-year bonds will have the greatest duration.
The relationship of coupon to duration is indirect - the lower the coupon rate, the greater the duration. A lower coupon bond pays lower annual cash flows than a higher-coupon bond and thus has less influence on duration. Here, the 15-year bond with the lowest coupon (8.00%) will have the greatest duration.

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