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NEW QUESTION: 1
Jerry Sanders, CFA, has been asked to analyze the 20-year bonds of Marietta Tech, Inc., which are currently being held in a corporate bond portfolio managed by a colleague, and to recommend whether the bonds should be sold or held. The bonds currently have a yield spread of 1.55% over Treasuries.
Marietta Tech, Inc. designs, manufactures, and markets specialty trucks and truck bodies mounted on new truck chassis produced by others, including concrete mixers, refuse bodies, fire and emergency vehicles, defense trucks, cut-away and dry freight van bodies, refrigerated units, stake bodies, and other specialized trucks. Marietta also manufactures fiberglass wind deflectors, armored trucks, shuttle buses, and cargo vans. Marietta's customers are located in the United States and Canada.
Exhibit 1: Selected Financial Data for Marietta Tech, Inc. (in thousands of $)
At lunch Sanders discusses the credit analysis of various types of bonds with Elizabeth Yan, who was just hired as a bond analyst. Yan makes the following statements:
Statement 1: An analysis of the issuer's business and operating risks is important to the analysis of corporate bond credit risk but not important for the credit analysis of asset backed securities (ABS).
Statement 2: The unique bond covenants in a municipal bond's trust indenture require an additional level of credit analysis not necessary in a corporate credit analysis.
Compare the 2008 long-term obligations to capitalization ratio benchmarks to Marietta's ratio. Marietta is between the:
A. BB and B benchmark ratios.
B. BBB and BB benchmark ratios.
C. A and BBB benchmark ratios.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Mariettas long-term obligations-to-capitalization ratio of 59.4% is between the BBB median (56.3%) and the BB median (68.5%).
(Study Session 14, LOS 51.c)
NEW QUESTION: 2
A company has implemented one of its microservices on AWS Lambda that accesses an Amazon DynamoDB table named Books. A solutions architect is design an IAM policy to be attached to the Lambda function's IAM role, giving it access to put, update, and delete items in the Books table. the IAM policy must prevent function from performing any other actions on the Books table or any other.
Which IAM policy would fulfill these needs and provide the LEAST privileged access?
A)
B)
C)
D)
A. Option C
B. Option B
C. Option A
D. Option D
Answer: C
NEW QUESTION: 3
A. Option C
B. Option A
C. Option B
D. Option D
Answer: D
Explanation:
Explanation
AWS S3 supports client side or server side encryption to encrypt all data at rest. The server side encryption can either have the S3 supplied AES-256 encryption key or the user can send the key along with each API callto supply his own encryption key. Amazon S3 never stores the user's encryption key. The user has to supply it for each encryption or decryption call.
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