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NEW QUESTION: 1
Which of the following is true about the early exercise of an American call option:
A. An early exercise of an American option, if ever to be done, should be done immediately after an ex-dividend date
B. An early exercise of an American call option is never a good idea as an option is always worth more alive than when it is dead
C. An early exercise of an American call option may be justified if an extraordinarily large dividend payment is imminent
D. An early exercise of an American call option is advisable whenever the option is deep in the money and delta approaches 1
Answer: C
Explanation:
Explanation
Generally, it is not a good idea to exercise an option early as any more upside in the remaining period to expiry is being sacrificed. However, if an extraordinarily large dividend is coming due, and this dividend is larger than the interest foregone from holding the option, it may be a good idea to exercise the option early. In such cases, the exercise needs to happen before the ex-dividend date and not afterwards. Choice 'b' is therefore the correct answer.
Even if the option is deep in the money and delta is approaching 1, and exercise upon maturity is almost a certainty, it would still always be better to sell the option than exercise it . Therefore Choice 'a' is incorrect.
Choice 'c' is correct in all cases except when a large dividend is coming in. Choice 'd' is not correct because an early exercise needs to happen prior to the ex-dividend date and not afterwards.

NEW QUESTION: 2
次のうち、アジャイルマニフェストの原則とシンプルなシンプルな方法の両方を最もよく表しているものはどれですか。
A. 変化する要件に対応
B. 行われていない作業量を最大化
C. 最後の責任ある瞬間に決定
D. 早期かつ継続的に提供
Answer: B

NEW QUESTION: 3
You are creating an application that reads from a database.
You need to use different databases during the development phase and the testing phase by using conditional compilation techniques.
What should you do?
A. Decorate the code by using the [assembly:AssemblyDelaySignAttribute(true)] attribute.
B. Disable the strong-name bypass feature of Microsoft .NET Framework in the registry.
C. Configure the assembly metadata to use the pre-existing public key for the assembly identity by using the AssemblySignatureKeyAttribute attribute.
D. Configure the Define DEBUG constant setting in Microsoft Visual Studio.
Answer: D
Explanation:
Explanation: Use one debug version to connect to the development database, and a standard version to connect to the live database.

NEW QUESTION: 4
Which one of the following is considered a relevant architecture resource in ADM Phase D?
A. Existing IT services
B. Existing application models
C. Generic technology models relevant to the organization's industry sector
D. Generic data models relevant to the organization's industry sector
Answer: C
Explanation:
Explanation
Reference
http://pubs.opengroup.org/architecture/togaf91-doc/arch/chap12.html

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