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NEW QUESTION: 1
When you enable automatic key rotation for an existing CMK key where the backing key is managed by AWS, after how long is the key rotated?
Please select:
A. After 3 years
B. After 30 days
C. After 365 days
D. After 128 days
Answer: A
Explanation:
The AWS Documentation states the following
* AWS managed CM Ks: You cannot manage key rotation for AWS managed CMKs. AWS KMS automatically rotates AWS managed keys every three years (1095 days).
Note: AWS-managed CMKs are rotated every 3yrs, Customer-Managed CMKs are rotated every 365-days from when rotation is enabled.
Option A, B, C are invalid because the dettings for automatic key rotation is not changeable.
For more information on key rotation please visit the below URL
https://docs.aws.amazon.com/kms/latest/developereuide/rotate-keys.html
AWS managed CMKs are CMKs in your account that are created, managed, and used on your behalf by an AWS service that is integrated with AWS KMS. This CMK is unique to your AWS account and region. Only the service that created the AWS managed CMK can use it You can login to you IAM dashbaord . Click on "Encryption Keys" You will find the list based on the services you are using as follows:
* aws/elasticfilesystem 1 aws/lightsail
* aws/s3
* aws/rds and many more
Detailed Guide: KMS
You can recognize AWS managed CMKs because their aliases have the format aws/service-name, such as aws/redshift. Typically, a service creates its AWS managed CMK in your account when you set up the service or the first time you use the CMfC The AWS services that integrate with AWS KMS can use it in many different ways. Some services create AWS managed CMKs in your account. Other services require that you specify a customer managed CMK that you have created. And, others support both types of CMKs to allow you the ease of an AWS managed CMK or the control of a customer-managed CMK Rotation period for CMKs is as follows:
* AWS managed CMKs: 1095 days
* Customer managed CMKs: 365 days
Since question mentions about "CMK where backing keys is managed by AWS", its Amazon(AWS) managed and its rotation period turns out to be 1095 days{every 3 years) For more details, please check below AWS Docs:
https://docs.aws.amazon.com/kms/latest/developerguide/concepts.html
The correct answer is: After 3 years
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NEW QUESTION: 2
Natalia Berg, CFA, has estimated the key rate durations for several maturities in three of her $25 million bond portfolios, as shown in Exhibit 1.

At a fixed-income conference in London, Berg hears a presentation by a university professor on the increasing use of the swap rate curve as a benchmark instead of the government bond yield curve. When Berg returns from the conference, she realizes she has left her notes from the presentation on the airplane. However, she is very interested in learning more about whether she should consider using the swap rate curve in her work.
As she tries to reconstruct what was said at the conference, she writes down two advantages to using the swap rate curve:
Statement 1: The swap rate curve typically has yield quotes at 11 maturities between 2 and 30 years. The
U.S. government bond yield curve, however, has fewer on-the-run issues trading at maturities of at least two years.
Statement 2: Swap curves across countries are more comparable than government bond curves because they reflect similar levels of credit risk.
Berg also estimates the nominal spread, Z-spread, and option-adjusted spread (OAS) for the Steigers Corporation callable bonds in Portfolio 2. The OAS is estimated from a binomial interest rate tree. The results are shown in Exhibit 2.

Berg determines that to obtain an accurate estimate of the effective duration and effective convexity of a callable bond using a binomial model, the specified change in yield (i.e., Ay) must be equal to the OAS.
Berg also observes that the current Treasury bond yield curve is upward sloping. Based on this observation, Berg forecasts that short-term interest rates will increase.
If the spot-rate curve experiences a parallel downward shift of 50 basis points:
A. Portfolio 3 will experience the best price performance.
B. Portfolio 1 will experience the best price performance.
C. all three portfolios will experience the same price performance.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The sum of a portfolios key rate durations is the effective duration of the portfolio. Each of the portfolios has an effective duration of five, so a parallel shift in the yield curve will have the same effect on each portfolio, and each will experience the same price performance. {Study Session 14, LOS 53.f)

NEW QUESTION: 3
If your IP telephony administrator asks you to configure a local zone for your dial plan to control the volume of calls between two end points in a centralized multisite environment, which two types of Call Admission Control can be implemented? (Choose two.)
A. gatekeeper based
B. Cisco Unified Communications Manager based
C. automated alternate routing
D. locations based
E. SRST
Answer: C,D
Explanation:
Incorrect
answer: CDE
Location-based call admission control (CAC) manages WAN link bandwidth in Cisco Unified Communications Manager. Automated alternate routing (AAR) provides a mechanism to reroute calls through the PSTN or other network by using an alternate number. Link: http://www.cisco.com/en/US/docs/voice_ip_comm/cucm/admin/8_6_1/ccmsys/a02cac.html #wp1067747