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    A. II and III
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    Answer: B
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    Statement I is correct - since forward prices are determined as (Spot - PV of dividends)*e

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      (rt), an increase in dividends will reduce forward prices.
      Statement II is incorrect as forward prices will be determined by near term interest rates, specifically by the borrowing rate for the period of the contract, and will stay unchanged if near term interest rates do not change.
      Statement III is incorrect. Futures exchanges require both buyers and sellers to deposit initial margins as prices can move adversely for either of them.
      Statement IV is incorrect, as the margin deposited when a contract is entered into is called initial margin.
      Margin calls thereafter resulting from movements in prices are called variation margin.
      Statement V is incorrect. Most futures exchanges distinguish between hedgers and speculators and require different margins from each.
      Statement VI is incorrect. Interest rate futures behave almost identically to their bond counterparts, and carry both duration and convexity.

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      Answer: A,D

      NEW QUESTION: 3
      プロジェクトマネージャーが数百万ドルのプロジェクトに任命されたこれまで同様のプロジェクトが実施されておらず、過去のデータもないため、プロジェクトはリスクが高いと考えられています。一部の外部の利害関係者はサポートの提供に消極的です。プロジェクトマネージャーはどのようなアプローチを取るべきですか。
      A. プロジェクトの制約、仮定、重要なインプットについて利害関係者との対話を確立する
      B. プロジェクトは後援がなく、リスクが高いと考えられているため、上級管理職にプロジェクトを終了するよう説得します。
      C. プロジェクトを実施する組織に固有の計画、プロセス、ポリシー、および知識を調べます
      D. プロジェクトチーム会議を主催し、リスクレジスターとプロジェクト管理計画を更新します
      Answer: A

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      You are a program manager in the Project Management Office (PMO) of an organization that has Project Server 2013.
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      C. Create a Microsoft Excel Services report that pulls information from the Microsoft SharePoint Configuration Database.
      D. Create a Microsoft Excel Services report that pulls information from the Issues cube.
      Answer: B


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