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NEW QUESTION: 1
You use Microsoft Intune to manage client computers. The computers run one of the following operating systems:
* Windows 8.1
* Windows 10 Pro
* Windows 10 Enterprise
* Windows 10 Enterprise LTSC
You plan to manage Windows updates on the computers by using update rings.
Which operating systems support update rings?
A. Windows 8.1, Windows 10 Pro, Windows 10 Enterprise, and Windows 10 Enterprise LTSC
B. Windows 10 Pro and Windows 10 Enterprise only
C. Windows 10 Pro, Windows 10 Enterprise, and Windows 10 Enterprise LTSC only
D. Windows 10 Enterprise and Windows 10 Enterprise LTSC only
Answer: B
Explanation:
Reference:
https://docs.microsoft.com/en-us/mem/intune/protect/windows-update-for-business-configure

NEW QUESTION: 2
Your network contains an Active Directory forest that has the site topology shown in the diagram.

You have an Exchange Server 2016 organization. The organization contains three servers. The servers are configured as shown in the following table.

You have the users described as shown in the following table.

You need to ensure that any email messages sent from User1 to User3 are sent to EX02 first, and then delivered to EX03.
What should you configure?
A. Site 2 as a hub site
B. the Exchange cost for the site link from Site 2 to Site 3
C. the Exchange cost for the site link from Site 1 to Site 2
D. EX02 as an expansion server
Answer: A
Explanation:
Explanation/Reference:
References:
https://technet.microsoft.com/en-us/library/aa998825(v=exchg.150).aspx

NEW QUESTION: 3
Joan Nicholson, CFA, and Kim Fluellen, CFA, sit on the risk management committee for Thomasville Asset Management. Although Thomasville manages the majority of its investable assets, it also utilizes outside firms for special situations such as market neutral and convertible arbitrage strategies. Thomasville has hired a hedge fund, Boston Advisors, for both of these strategies. The managers for the Boston Advisors funds are Frank Amato, CFA, and Joseph Garvin, CFA. Amato uses a market neutral strategy and has generated a return of S20 million this year on the $100 million Thomasville has invested with him. Garvin uses a convertible arbitrage strategy and has lost $15 million this year on the $200 million Thomasville has invested with him, with most of the loss coming in the last quarter of the year. Thomasville pays each outside manager an incentive fee of 20% on profits. During the risk management committee meeting Nicholson evaluates the characteristics of the arrangement with Boston Advisors. Nicholson states that the asymmetric nature of Thomasville's contract with Boston Advisors creates adverse consequences for Thomasville's net profits and that the compensation contract resembles a put option owned by Boston Advisors.
Upon request, Fluellen provides a risk assessment for the firm's large cap growth portfolio using a monthly dollar VAR. To do so, Fluellen obtains the following statistics from the fund manager. The value of the fund is $80 million and has an annual expected return of 14.4%. The annual standard deviation of returns is
21.50%. Assuming a standard normal distribution, 5% of the potential portfolio values are 1.65 standard deviations below the expected return.
Thomasville periodically engages in options trading for hedging purposes or when they believe that options are mispriced. One of their positions is a long position in a call option for Moffett Corporation. The option is a European option with a 3-month maturity. The underlying stock price is $27 and the strike price of the option is $25. The option sells for S2.86. Thomasville has also sold a put on the stock of the McNeill Corporation. The option is an American option with a 2-month maturity. The underlying stock price is $52 and the strike price of the option is $55. The option sells for $3.82. Fluellen assesses the credit risk of these options to Thomasville and states that the current credit risk of the Moffett option is $2.86 and the current credit risk of the McNeill option is $3.82.
Thomasville also uses options quite heavily in their Special Strategies Portfolio. This portfolio seeks to exploit mispriced assets using the leverage provided by options contracts. Although this fund has achieved some spectacular returns, it has also produced some rather large losses on days of high market volatility.
Nicholson has calculated a 5% VAR for the fund at $13.9 million. In most years, the fund has produced losses exceeding $13.9 million in 13 of the 250 trading days in a year, on average. Nicholson is concerned about the accuracy of the estimated VAR because when the losses exceed $13.9 million, they are typically much greater than $13.9 million.
In addition to using options, Thomasville also uses swap contracts for hedging interest rate risk and currency exposures. Fluellen has been assigned the task of evaluating the credit risk of these contracts.
The characteristics of the swap contracts Thomasville uses are shown in Figure 1.

Fluellen later is asked to describe credit risk in general to the risk management committee. She states that cross-default provisions generally protect a creditor because they prevent a debtor from declaring immediate default on the obligation owed to the creditor when the debtor defaults on other obligations.
Fluellen also states that credit risk and credit VAR can be quickly calculated because bond rating firms provide extensive data on the defaults for investment grade and junk grade corporate debt at reasonable prices.
Regarding Fluellen's comments on the credit risk of the Moffett and McNeill options:
A. Fluellen is only correct regarding the Moffett option.
B. Fluellen is incorrect regarding both the Moffett and McNeill options.
C. Fluellen is only correct regarding the McNeill option.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Fluellen is incorrect regarding the Moffett option. There is no current credit risk of this option because it is a European option and cannot be exercised until maturity. It only has potential credit risk (i.e., the risk of non- payment ac maturity, at which time the value of the option will likely be different than its current value).
However, it would be correct to say that the current value of the potential credit risk is its current market value, which is the $2.86.
Fluellen is incorrect regarding the McNeill option. There is no credit risk in an option to the seller (Thomasville). Once the option is sold, it is the buyer of the option that faces the risk that the seller will not honor the contract. That is, once the seller receives the option premium when the option is sold, the option seller has no other payments due to them. (Study Session 14, LOS 40.i)