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Consider the following command line: ./myprog.sh 1>&2 2> file.1.txt 3>&2 2> file.2.txt 1>&3 Can you explain to what the STDOUT and STDERR of myprog.sh end up being connected (1pt) and propose the simplest set of redirections that would achieve the same result (1pt).  

Please use the following balance sheet for Questions 27-29: Suppose there are two ratings categories: A and B, along with default. The ratings-migration probabilities look like this for a B-rated loan: The yield on A rated loans is 5%; the yield on B rated loans is 10%. All term structures are flat (i.e. forward rates equal spot rates). A loan in default pays off 50%.   Question: Compute next year’s mean value for the loan.

According to a study by Clower, pet ownership is associated with annual health care cost saving of how many estimated dollars?

As of year-end 2009, Bank of Texas had an ROA of 1% and an ROE of 18%, while Bank of River Valley had an ROA of 1% and an ROE of 12%.  What could explain the difference in ROE between these two financial institutions?  

Please use the following balance sheet for Questions 27-29: Suppose there are two ratings categories: A and B, along with default. The ratings-migration probabilities look like this for a B-rated loan: The yield on A rated loans is 5%; the yield on B rated loans is 10%. All term structures are flat (i.e. forward rates equal spot rates). A loan in default pays off 50%.   Question: You have one loan in your portfolio, B-rated, 3-year, 10% coupon bonds (paid annually), with $100 face value. Compute the price of the loan next year if the borrower stays at B rating (just before the first coupon is paid).

A contractual commitment to make a loan up to a stated amount at a given interest rate in the future is a loan commitment agreement.

Please use the following additional information for Questions 31-33: Third Bank has the following balance sheet (in millions) with the risk weights (under Basel III) in parentheses. In addition, the bank has $30 million in performance-related standby letters of credit (SLCs). Credit conversion factor and the risk weight for the standby LCs are 50% and 100%, respectively. Question:  What is the minimum amount of Tier 1 capital the bank needs in order to be adequately capitalized?

What is the duration of a 5-year zero coupon bond yielding 10 percent annually?

Duration increases with the maturity of the asset.

Which of the following is not an expansionary monetary policy?