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NEW QUESTION: 1
Which term is used to describe small units of text that are stored on a client computer and retrieved to maintain state?
A. cross-page post
B. cookie
C. server transfer
D. trace
Answer: B
Explanation:
HTTP is a stateless protocol. This means that user data is not persisted from one Web page to the next in a Web site. One way to maintain state is through the use of cookies. Cookies store a set of user specific information, such as a reference identifier for a database record that holds customer information.

NEW QUESTION: 2

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

NEW QUESTION: 3
Given the following spot and forward rates, how much should an investor pay for a 3-year, annual zero- coupon bond with a face value of $1,000?
The investor should pay approximately:
A. $884.
B. $886.
C. $724.
D. $720.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The yield to maturity on an N-year zero coupon bond is equivalent to the N-year spot rate.Thus, to determine the present value of the zero-coupon bond, we need to calculate the 3-year spot rate.
Using the formula: (1 + Z3)3= (1 +1f0) + (1 +1f1) + (1 +1f2)
Where Z = spot rate andnfm= The n year rate m periods from today, (1f0= the 1 year spot rate now) (1 + Z3)3= (1.035) * (1.115) * (1.1975) Z3= 1.38191/3- 1 = 0.11386, or 11.39%
Then, the value of the zero coupon bond = 1,000 / (1.1139)3= 723.62, or approximately$724.
or, using a financial calculator, N = 3, I/Y = 11.39, FV = 1,000, PMT = 0, Compute PV = 723.54, or approximately$724.