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NEW QUESTION: 1
You receive a frantic phone call from your vice president who says she is going to meet with a prospective client in 15 minutes to discuss a large and complex project. She asks you how much the project will cost. You quickly think of some similar past projects, factor in a few unknowns, and give her a number. What type of estimate did you just provide?
A. Budget
B. Order-of-magnitude
C. Detailed
D. Definitive
Answer: B
Explanation:
An order-of-magnitude estimate, which is referred to also as a ballpark estimate, has an accuracy range of -25% to 75% and is made without detailed data. [Planning] PMI@, PMBOK@ Guide, 2013, 201; Ward 2008, 295
NEW QUESTION: 2
Click on the Exhibit Button to view the Formula Sheet. You are paying 5% per annum paid semi-annually and receiving 6-month LIBOR on a USD 10 million interest rate swap with exactly two years to maturity. 6-month LIBOR for the next payment date is fixed today at
4.95%. How would you hedge the swap using FRAs? How to hedge an IRS with a strip of FRAs?
A. buy a strip of 0x6, 6x12, 12x18 and 18x24 FRAs
B. sell a strip of 6x12, 12x18 and 18x24 FRAs
C. sell a strip of 0x6, 6x12, 12x18 and 18x24 FRAs
D. buy a strip of 6x12, 12x18 and 18x24 FRAs
Answer: B
NEW QUESTION: 3
A customer is using the HP StorageWorks Utility Ready Storage program to gain a flexible pricing solution. What does the flexible pricing solution offer?
A. ability to pay annually
B. ability to pay monthly
C. ability to pay quarterly
D. ability to choose a payment plan
Answer: B