Which embedded option is most beneficial to a bond issuer？A. A conversion privilege.B. A

Which of these embedded options most likelybenefits the investor？

A. The floor in a floating-rate security

B. An accelerated sinking fund provision

C. The call option in a fixed-rate security

A.Stop bit

B.Checksum

C.Timestamp

D.Digital signature

Embedded system is(66)special computer system which is scalable on both software and(67). It can satisfy the strict requirement of functionality,(68), cost, volume, and power consumption of the particular application. With rapid development of(69)design and manufacture, CPUs became cheap. Lots of(70)electronics have embedded CPU and thus became embedded systems. For example, PDAs, cellphones, point-of-sale devices, VCRs, industrial robot control, or even your toasters can be embedded system.

A．cost-oriented

B．applieation-oriented

C．efficiency-oriented

D．consumption-oriented

Which of the following statement is correct about the option adjusted spread (OAS ):

A. OAS is Z-Spread minus the option cost.

B. OAS is the value of the embedded option.

C. OAS is Z-spread plus the option cost.

A.The accelerated sinking fund provision favors the issuers.

B.The conversion provision favors the bondholders.

C.The option-adjusted spread measures the spread, including the effect of the embedded option.

erest rate risk of a bond portfolio, compared to the duration/convexity approach？

A. It ignores the impact of embedded options.

B. It is relatively time consuming.

C. It cannot be used for stress testing.

Which one is the challenge in managing multicultural teams effectively？ (More than one correct answer)

A.To recognize underlying cultural causes of conflict.

B.To intervene in ways that both get the team back on track and empower its members to deal with future challenges themselves.

C.Communication in Western cultures is typically direct and explicit.

D.In many other cultures, meaning is embedded in the way the message is presented.

67）. It can satisfy the strict requirement of functionality, （68） , cost, volume, and power consumption of the particular application. With rapid development of （69） design and manufacture, CPUs became cheap. Lots of （70） electronics have mbedded CPU and thus became embedded systems. For example, PDAs, cellphones, point-of-sale devices, VCRs, industrial robot control, or even your toasters can be embedded system.

(66）A. cost-oriented B. application-oriented C. efficiency-oriented D. consumption-oriented (67）A. program B. application C. kernel D. hardware

(68）A. variability B. security C. reliability D. responsibility

(69）A. IC B. manual C. flexible D. emulational

(70）A. industrial B. military C. consumer D. special

A.button

B.checkbox

C.radio

D.optio

(b) Distinguish between strategic and operational risks, and explain why the secrecy option would be a source

of strategic risk. (10 marks)