NO.PZ202301040900001301
问题如下:
(1) Based on the information provided, discuss ADSE’s risk tolerance.
选项:
解释:
ADSE appears to have above average risk tolerance for the following reasons:
• The plan has a small surplus (8% of plan assets); that is, the plan is overfunded by €8 million.
• The company’s balance sheet is strong (low use of debt).
• The company is profitable despite operating in a cyclical industry.
• The average age of its workforce is low.
Based on the information provided, ADSE’s has an above average risk tolerance because it has overfunded pension plan, strong balance sheet, high profitability and young employees without retired.