EMC D-PVM-DS-23 Prüfungsunterlagen - D-PVM-DS-23 Buch, D-PVM-DS-23 Unterlage - Photoexperienceacademy
- Name: Dell PowerMax and VMAX Family Solutions Design 2023
- Exam Code: D-PVM-DS-23
- Certification: D-PVM-DS-23
- Vendor: EMC
- Total Question: 630
- Price: 49$
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NEW QUESTION: 1
Michael Thomas, CFA, is a fixed-income portfolio manager for TFC Investments. As part of his portfolio strategy for the Prosperity Fund, Thomas searches for companies that he expects to be upgraded or downgraded. Those potential upgrades he finds are added to the portfolio or if already in the portfolio are increased in proportion to other holdings before the upgrade takes place. Potential downgrades are sold from the portfolio before the downgrade takes place. Thomas is evaluating his portfolio's current holdings which include several bonds issued by companies in the oil and gas exploration and refining industries.
Year-end rating updates are expected to occur in a few days and Thomas is preparing to adjust his portfolio based on expected changes in credit ratings. He has assembled the following annual data on four of the oil and gas stocks in the portfolio:
Exhibit: 1
Thomas has been discussing his fixed-income strategies with a fellow portfolio manager, Shawna Reese.
Reese has indicated that while his initial approach is good, the overall credit analysis strategy could be improved and has made the following suggestions to Thomas for both the Prosperity Fund and other fixed- income funds he manages:
The current methodology does not consider special issues related to high-yield debt which makes up approximately 5% of the Prosperity Fund. Because most high-yield issuers have such a heavy dependence on short-term debt financing, analysis of the firm's debt structure will be extremely important to determine the priority of claims on the firm's assets as well as what source(s) of funds will be used to repay the principal. In addition, the corporate structure of high-yield issuers must be examined to determine the issuer's access to cash flows generated by its subsidiaries. A simple analysis of the parent's financial ratios will not reveal complicated corporate structures and indebtedness of subsidiaries that may restrict the issuer's ability to obtain the cash flows necessary to service its debt.
The current methodology as applied to the Municipal Opportunities Fund does not include the necessary specialized analysis for municipal securities. Among other items, tax-backed munis must be scrutinized as to the issuer's ability to maintain balanced budgets as well as to ensure that the issue has first priority of claims to revenue from public works projects. Revenue-backed munis require an assessment of the sufficiency of rate covenants to cover expenses and debt servicing of the underlying project as well as the ability for other government entities to access the revenues generated by the enterprise before they are passed on to revenue bondholders.
As part of his portfolio analysis, Thomas also examines yield volatility. Thomas makes the following statements:
Statement 1: Implied yield volatility estimates are based on the assumptions that the option pricing model is correct and that volatility is constant.
Statement 2: Yield volatility has been observed to follow patterns over time that can be modeled and used to forecast future volatility.
He concludes his analysis by comparing the swap rate curve to a government bond yield curve as a benchmark.
In accordance with his stated strategy, which of the companies included in Exhibit 1 should Thomas buy for the portfolio in anticipation of the credit rating updates?
A. Company W.
B. Company X.
C. Company Y.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Company W is the most likely candidate for an upgrade in its credit rating. Company W has an increasing ability to pay its interest expense as evidenced by the increasing interest coverage ratio. Cash flow as a percentage of total debt is increasing for the company. Profitability as measured by operating margin and ROE is increasing while the company is reducing its reliance on long-term debt financing. Short-term debt is increasing since total debt has increased somewhat while long-term debt has decreased. Overall the financial condition of Company W is improving as evidenced by the company's financial ratios. No other company in the table has experienced as much improvement in its financial condition as Company W making it the most likely candidate for an upgrade and purchase for the portfolio. (Study Session 14, LOS
51.d)
NEW QUESTION: 2
How does an Avaya AuraBranch Session Manager and Its Survivable Communication Manager communicate?
A. By using the SIP Entity & Entity Link manually created between the Branch Session Manager and the Survivable Communication Manager
B. By using a link that is automatically created after you built the Entity link between your Branch Session Manager and Main Communication Manager
C. By using the Replication process
D. By using the synchronization process
Answer: A
NEW QUESTION: 3
You have an Azure subscription that contains a resources group named RG1. RG1 contains the following resources:
* Four Azure virtual machines that run Windows Server and have Internet Information Services (IIS) installed
* SQL Server on an Azure virtual machine
* An Azure Load Balancer
You need to deploy an application to the virtual machines in RG1 by using Azure Pipelines.
Which four actions should you perform in sequence? To answer, move the appropriate actions from the List of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
Step 1: Create an agent pool
Azure Pipelines provides a pre-defined agent pool named Azure Pipelines with Microsoft-hosted agents.
Step 2: Create a deployment group
Deployment groups make it easy to define logical groups of target machines for deployment, and install the required agent on each machine.
Step 3: Execute the Azure Pipelines Agent extension to the virtual machines Install the Azure Pipelines Agent Azure VM extension Step 4: Add and configure a deployment group job for the pipeline Tasks that you define in a deployment group job run on some or all of the target servers, depending on the arguments you specify for the tasks and the job itself.
Reference:
https://docs.microsoft.com/en-us/azure/devops/pipelines/release/deployment-groups/howto-provision-deploymen
NEW QUESTION: 4
In which solution is a router ACL used?
A. to change the default administrative distance of a route in the route table
B. filtering packets that are passing through a router
C. protecting a server from unauthorized access
D. controlling path selection, based on the route metric
Answer: B
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