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NEW QUESTION: 1
Donaghy Management Company (DMC) manages several funds only available to high net worth individuals. In preparation for an upcoming meeting, the firm has circulated among its managers the information in Figure 1 on objectives and market expectations relevant to each of three funds.
Figure 1: Fund Strategies and Market Expectations

The manager of Fund A has collected data on put and call options on the broad market index underlying his strategy. The option data are presented in Figure 2. All options presented have the same expiration date.
Figure 2: Option Data for the Broad Market Index

During the meeting, the manager of Fund B states that in order to enhance returns for the fund, he intends to implement a box-spread strategy. The manager explains the strategy by stating, "The ending price of the asset underlying the box-spread strategy has no impact on the payoff of the strategy.
Thus, if the market price of the strategy implies a rate of return greater than the risk-free rate, an arbitrage opportunity exists." Also during the meeting, DMC's president questioned the manager of Fund C about the mechanics of his hedging strategy. The manager explained the strategy with the following comments:
Comment 1: "The hedge position is established to reduce the exposure to certain equity positions by writing call options on those equity positions. The necessary number of short option positions per share of stock held is calculated as the inverse of the option delta." Comment 2: "The hedge position only requires adjusting in the event of a price or volatility change in the underlying and is effective for small changes in the price of the underlying security." Under which of the following scenarios will Fund C be most exposed to the gamma effect resulting from delta hedged equity positions? When the option used to delta hedge is:
A. deep in-the-money and close to expiration.
B. at-the-money and not close to expiration.
C. at-the-money and close to expiration.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Gamma is a measure of the change in delta resulting from a change in the price of the underlying security.
Gamma is largest for options that are at-the-money and/or near expiration. This implies that at-the-money options nearing expiration have unstable deltas which will move rapidly with any change in the price of the underlying security. Delta hedging in such an environment is difficult. (Study Session 15. LOS 43.e)

NEW QUESTION: 2
VM1という名前のAzure仮想マシンを含むAzureサブスクリプションがあります。 VM1は、複数のアクティブなインスタンスをサポートしないApp1という名前の財務報告アプリを実行します。
毎月末に、App1の実行時にVM1のCPU使用率がピークになります。
毎月末にVM1のプロセッサパフォーマンスを向上させるには、スケジュールされたRunbookを作成する必要があります。
Runbookにはどのようなタスクを含める必要がありますか？
A. サブスクリプションのvCPU割り当てを増やします。
B. 望ましい状態の構成（DSC）拡張機能をVM1に追加します。
C. Azure Performance DiagnosticsエージェントをVM1に追加します。
D. VM1をスケールセットに追加します。
E. VM1のVMサイズプロパティを変更します。
Answer: B
Explanation:
Reference:
https://docs.microsoft.com/en-us/azure/automation/automation-quickstart-dsc-configuration

NEW QUESTION: 3
HOTSPOT
You have an Exchange Server organization that contains the servers configured as shown in the following table.

You need to configure the namespace to ensure that users can connect to Outlook Web Access from the Internet if a single site is unavailable.
What command should you run on EX1 and EX2? To answer, select the appropriate options in the answer area.
Hot Area:

Answer:
Explanation:

Explanation/Reference:
Reference: Set-OwaVirtualDirectory
https://technet.microsoft.com/en-us/library/bb123515(v=exchg.150).aspx