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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.
In addition to the factors noted by Pctrovich, which of the following is likely to be the most important in the risk assessment of tax-backed municipal debt?
A. An evaluation of any user-charge covenants that specify how prices will be set on the product or service provided by the municipality with the proceeds of the bond issue.
B. A measure of the issuer's debt structure, such as debt as a percentage of total real estate value of properties subject to taxation.
C. An evaluation of trends in the local employment level and economic environment, which permits an assessment of the stability of the revenue base and the ability of the municipality to service the debt in the future.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice C is most likely to best complement the other three factors Petrovich already mentioned. Choice A sounds reasonable, but it is very similar to factor (1) because both measure the municipality's debt burden, which means she already identified it. Covenants (as suggested in choice B) are important in the analysis of revenue bonds, not necessarily in the analysis of tax-backed bonds. (Study Session 14, LOS 51.h) (Study Session 14, LOS 54.d)

NEW QUESTION: 2
How can you verify vStorage APIs for Array Integration (VAAI) is enabled?
A. "VAAI" column for any datastore created on a compliant array
B. "VAAI" listed on the Hard Disk properties page for any VMDK stored on a compliant array
C. "Hardware Acceleration" column for any datastore created on a compliant array
D. "Hardware Acceleration" listed on the Hard Disk properties page for any VMDK stored on a compliant array
Answer: A

NEW QUESTION: 3
要求を左から右の正しい順序にドラッグアンドドロップして、Cisco DNA Center APIを使用して2つのデバイス間のパストレースを作成および確認します。

Answer:
Explanation:

Explanation
1 - C, 2 - D, 3 - B, 4 - A