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NEW QUESTION: 1
A portfolio manager purchases a floating rate mortgage backed security that would
currently provide a 4% yield to the company. Since mortgage rates have been fluctuating significantly over the past month, the manager is thinking about entering into an interest rate swap to hedge against the rate movements. Although the manager would remove most of the price sensitivity of the asset by executing the swap, it would also lower the total yield on the investment due to swapcosts. What objective in the company investment policy is guiding the portfolio manager's decision?
A. Risk analysis
B. Risk/return trade off
C. Preservation of principal
D. Performance measurement
Answer: B

NEW QUESTION: 2

A. Option E
B. Option D
C. Option A
D. Option C
E. Option B
Answer: C

NEW QUESTION: 3
Which of the following covers lightning protection systems and defines as exposed anything above
ground and outside the zone of protection?
A. IEEE 1100
B. ANSI J/STD-607-A
C. NEC 47
D. NFPA 780
E. NTSB-12
Answer: D