NO.PZ2023010407000017
问题如下:
Johnson decide add hedge fund to
his client's portfolio,he consider a hedge fund that specializes in reinsurance and life
settlements. Johnson tell his customer about three characteristics
that hedge fund managers look for three characteristics when investing in
life settlement:
Feature 1 The
surrender value provided to the insured individual is relatively high.
Feature 2 The
premiums paid continuously to keep the policy active are relatively low.
Feature 3 There is
a high probability that the designated insured person is likely to die within
the period predicted by standard actuarial methods.
Which of the three
characteristics of life settlements noted by Johnson is correct?
选项:
A.Feature 1
Feature 2
Feature 3
解释:
B is correct. Hedge
funds look for policies in which the ongoing premium payments to keep the
policy active are relatively low, so Feature 2 is correct. Hedge funds also
look for life settlements where the surrender value offered to the insured
individual is also relatively low and the probability that the designated
insured person is likely to die earlier than predicted by standard actuarial
methods is relatively high.
A is incorrect
because hedge funds look for policies in which the surrender value offered to
the insured individual is relatively low (not high) in order to enhance return
by purchasing at a lower price.
C is incorrect
because hedge funds look for settlements in which the probability that the
designated insured person is likely to die earlier than predicted by standard
actuarial methods is relatively high. This means the hedge fund’s cash outflows
to pay the ongoing premium will be less than predicted, which will enhance
return.
likely to die within the period predicted
在这里within的理解是什么呀?我其实当时就认为within也就是在这个范围之内的意思了。