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What is the result of the following program?
1: public class Squares {
2: public static long square(int x) {
3: long y = x * (long) x;
4: x = -1;
5: return y;
6: }
7: public static void main(String[] args) {
8: int value = 9;
9: long result = square(value);
10: System.out.println(value);
11: } }


A. -1
B. 9
C. 81
D. Compiler error on line 9.
E. Compiler error on a different line

Explanation:
Since Java is pass-by-value and the variable on line 8 never gets reassigned, it stays as 9. In the method square, x starts as 9. y becomes 81 and then x gets set to –1. Line 9 does set result to 81. However, we are printing out value and that is still 9.



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What is the result of the following program?

1: public class Squares {
2: public static long square(int x) {
3: long y = x * (long) x;
4: x = -1;
5: return y;
6: }
7: public static void main(String[] args) {
8: int value = 9;
9: long result = square(value);
10: System.out.println(value);
11: } }


A. -1
B. 9
C. 81
D. Compiler error on line 9.
E. Compiler error on a different line

Explanation:
Since Java is pass-by-value and the variable on line 8 never gets reassigned, it stays as 9. In the method square, x starts as 9. y becomes 81 and then x gets set to –1. Line 9 does set result to 81. However, we are printing out value and that is still 9.

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Spiking bond yields driving sharp losses in tech stocks

A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.

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