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.
需不需要提及1. 其实liability的discount rate有些激进,2. 如果公司在underfunded的时候不想contribute,这样会降低risk tolerance呢?
谢谢