NO.PZ201803130100000103
问题如下：
Based on Beade’s interest rate expectations, the pension plan’s funding ratio will:
选项：
A.decrease.
B.remain unchanged.
C.increase.
解释：
A is correct.
The original funding ratio is the market value of assets divided by the present value of liabilities. This plan’s ratio is $205 million/$241 million =0.8506. When the assets and liabilities both decrease by $25 million, the funding ratio will decrease to $180 million/$216 million = 0.8333.
不明白funded ratio为什么是market value/pv of liab. 而不是pv of lob/market value。
这公式在哪里讲到了？
谢谢
